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Fri 04 Apr 2003'Ireland on Sunday' owner reports €14.6m pre-tax loss
The owner of Ireland on Sunday, Associated Newspapers Ireland, has reported a pre-tax loss of €14.6 million for its first year of operation
The accounts covering the year to September 2002 show that Associated, which publishes the Daily Mail in Britain, had €11.3 million of administrative expenses, which seriously eroded its bottom line. This money is believed to relate to marketing, promotions, information technology, production costs and new premises in Ballsbridge, Dublin.
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