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Lagardere profits down but media boosts sales

French media and aerospace group Lagardere has reported a 13.9% decrease in profits during the 1999 financial year to $235m (FFr1.58bn), compared to $268m (FFr1.8bn) in 1998. However revenue was up 14.9% over the same period to $12bn (FFr80.5bn), from $11.8bn (FFr79.1bn) in 1998, with the growth mostly attributed to media operations.

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