Metro back into profit

Metro International, the Swedish publisher of free newspapers, reported Thursday it was back in the black last year, thanks to restructuring and the recovery of the advertising market.

The company reports a net profit of 5 and a half million US dollars in 2010, compared to more than 30 million dollars in losses the year before. Metro says Sweden, Canada, Hong Kong, Russia, and Latin America all had high sales growth, while sales in France, the Netherlands, and Denmark were weak last year.

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