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Universal Salvage returns to profit

Universal Salvage has reported increased turnover of 13% to £56.4m (2005: £49.7m) for the year ending April 29 2006. Operating profit, before exceptional items, of £0.9m contrasts last year's loss of £0.9m

Highlights from the company's results include

Profit before exceptional items and tax of £0.5m - a turnaround of £2.0m on last year's loss before exceptional items and tax of £1.5m Profit before tax of

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