The publisher of the Daily Mirror has reported rising sales and profits, despite falling advertising revenue. Trinity Mirror said pre-tax profit rose from £67.2 million to £76.5 million last year, while revenue grew from £592 million to £713 million, helped by the acquisition of local newspaper group Local World in 2015. Like for like print advertising revenues fell by 18%. The group, which is in talks to acquire a minority stake in Daily Express publisher Northern & Shell, also hinted at further deals saying: "We see ourselves as a consolidator in the newspaper industry and will continue to do so subject to tight financial returns."