The latest 6 month interim results for Scottish Media Group (SMG), released today, showed healthy pre-tax profits, up 27% on revenues 15% ahead. Earnings per share also increased by 18.6%.
SMG announced yesterday that it has made a £31 million (80p per share) takeover offer for video publishing group VCI (see Newsline). If the acquisition goes through, SMG expect to be able to raise their 1998 pre-tax profit forecast by £2 million to £47.5 million, with EPS raised from 50.2 to 51.4p.
The group are also considering launching a new Sunday newspaper, and already own The Herald and The Glasgow Evening Times.
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
