Sanctuary finds profits up 76%

Sales of U.K. co. up 174%

By CHRISTOPH HARGREAVES-ALLEN

LONDON -- Profits at rapidly growing U.K. music and TV company the Sanctuary Group soared 76% in the six months ended March 31 to £2.3 million ($3.2 million) on sales of $49 million, up 174%.

Sanctuary's core business is music management -- acts include Guns N' Roses, Iron Maiden and Megadeth -- as well as marketing its extensive catalog of recordings.