Published Date:
28 August 2008
STV owner SMG today said it is confident that its core television market will continue to move forward.
The company, which announced that it is proposing to change its name to stv group, reported that revenues at its continuing STV operations in the first half of the year were at £56 million, the same figure posted for the first half of 2007.
Operating profits before exceptional items at STV increased by £1m to £4.9m.
Overall pre-tax profits for the group, which sold Virgin Radio to TIML in June for £53.2m, dropped from £4.2m to £1m.
SMG chairman Richard Findlay said: "We have made great progress on our 2008 targets and we remain confident of our ability to achieve the goals we set out."
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Last Updated:
28 August 2008 12:01 PM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Scottish Media Group
