Like-for-like radio revenues at Scottish Radio Holdings (SRH) rose by 6.5% in the group’s first financial quarter, from October to December 2002.
According to the company’s AGM statement, released this afternoon, revenues at the press division, Score Press, were up 5.5% year on year, with growth continuing into January.
The group said it has had a good start to the current financial year, with revenues on continuing activities, including acquisitions, up over 30% in the first quarter; like-for-like revenues were up 6.0%. In radio, the growth reflects an improvement in national advertising revenue and a continuing strong performance from local direct advertising, says SRH.
“While it is still too early to foretell how the full year might develop, we are pleased with the start to our new financial year and remain confident about the group’s inherent strengths,” said chairman, Lord Gordon of Strathblane.
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