Ulster TV’s interim financial results released today for the last six months revealed an increase in turnover of 6.3%, taking it up to a total of £18 million. Pre-tax profit showed a rise of 24.1%, and earnings per share were up by nearly 27% to 5.94p.
In March, Ulster TV forecast that 1998 would be a challenging year for the company (see Newsline), and this year the company’s share of the viewing period slipped by two percentage points to 37%, which was attributed both to the impact of Channel 5 and satellite and cable channels increasing their share of viewing.
John B McGuckian, chairman of Ulster TV, commented on the results: “Our performance at the half year is very pleasing and the healthy growth achieved is being maintained in the third quarter.”
Ulster TV: 01232 328 122
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