Mama Group, the expanding live venue and artist management company, was expected to announce profits of more than £2 million, demonstrating that the music industry can still generate value. Final-year figures, up to August last year, are expected to show that turnover increased by 39 per cent, while group revenues for the period totalled £12.2million. Profit before exceptional items and depreciation for the year amounted to £2.14million, compared with a restated loss of £129,000 for the previous year. (The Times)
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