Flextech this morning announced final year financial results for 1997 which showed an increase of 54% in turnover to £100 million while losses on ordinary activities before taxation fell from £14.2m in 1996 to £6.2m.
The Discovery Channel and its sister channel, Discovery Home And Leisure , for which Flextech handles distribution, ad sales and research, was reported to have enjoyed ratings and ad revenue success.
Flextech said that 1998 will be an especially important year because of the launch of digital TV. The company said it aims to maintain its position as the leading supplier of basic channels to the UK pay-TV market regardless of the distribution technology involved. Flextech also stated that with its channel mass and brand popularity it is confident of continued economic growth.
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Flextech Corporate Office: 0171 299 5128
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