GWR Group today announced an increase in annual pre-tax profits of 18% to £14.1 million. Turnover at the Group was up 30% to £73.8 million for the year ending 31 March 1998.
Chairman Henry Meakin said he is confident that radio advertising will grow by a further 13% in 1998.
“Despite weakness in some local markets in the first half, followed by a shortfall in expectation at Classic FM around the turn of the year, the overall performance in the second half shows considerable promise,” says Meakin. This is the first full year of Classic FM at GWR.
Earnings per share stood at 8.8p, up from 8.6p in 1997.
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GWR Group c/o College Hill: 0171 457 2020
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