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SMG reduces level of debt by more than 90%

SMG yesterday posted a pre-tax profit of £4.2m in the first half of 2008 and said it has reduced its massive debt mountain by more than 90%.

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DOUGLAS HAMILTON

SMG yesterday posted a pre-tax profit of £4.2m in the first half of 2008 and said it has reduced its massive debt mountain by more than 90%.