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Indeed, the LSE beat expectations with a 55% rise in operating profits before exceptional items for the year to March.
Pre-tax profit excluding exceptional items for the six months to the end of October rose 12% to £121.5m and the interim dividend increased 9.4% to 3.5p.
Profit before tax and exceptional items for the year ending in March will fall to about £80 million ($150 million) from £86 million in the previous year, the chief executive, Pat O'Driscoll, above, said in a conference call.
The EMI Group reported an operating loss of £101 million ($147.3 million), including exceptional items, for the year ended March 31, in contrast to a profit of £237.5 million ($346 million) in 2001.
The news came as the bank reported its 10th consecutive year of record annual profit, with 1.12 billion euros ($1.02 billion) before tax and exceptional items for the year that ended March 31.
Its stock rose 6.2percentto to 902 pence, in London after it reported better-than-forecast pretax profit of $769 million before exceptional items for the first half of its fiscal year.
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Ahead of next month's planned flotation of a minority stake in Singapore, the club delivered a record operating profit (before interest, amortisation and exceptional items) of £110.9m, a figure that topped £100m for the sixth year in a row.
No longer content with pricey pieces from Cartier and Chopard, for example, luxury seekers are expected to demand exceptional items from such jewelers or commission independent designers to create unique trinkets.
TMG recorded costs attributable to exceptional items of £47.1m last year.
The company now expects full-year pre-tax profits before exceptional items of between $67m and $74m.
Musgrave Retail Partners, which held the brands for its parent firm Musgrave, posted sales of £833m in the year to December and made an operating loss before exceptional items of £7.4m.
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