XL profits hit £41.7m in Adele's record year

Monumental sales of Adele's 21 pushed profits at indie record label XL to a whopping £41.7m in 2011.

According to company filings, XL was left with plenty of cash as a result. Its bank balance climbed from £3m to £32m during the year.

The company paid an £8.5m dividend to co-founder Richard Russell, whilst Beggars Group chairman Martin Mills received a similar sum.

Adele's 21 has sold more than 10 million copies in the US and spent 78 consecutive weeks ...

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