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Hercules annnounces positive year end results

Property insurance and services group Hercules Property Services, has announced an 81% increase in profits before tax for the period up to 31st December 2003, highlighting the growth of its broking subsidiaries, Deacon, Codogan and Farr.

The company's profits grew during 2003, to £1.3m, from £0.7 the previous year, while operating profits improved by 17% to £2.0m.

Turnover grew by just 2% to £18.9m, while the company's debt has

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