Record producer and radio broadcaster, Chrysalis, today announced that they are on track to deliver strong earnings growth over the next few years as operating profit for the last six months has trebled to £3.7 million.
Radio revenues for the period ending 29th February, were up by 23% to £33.3 million; growth continued in March and April when revenues increased by a further 20%, says the statement.
Chief executive, Richard Huntingford said: “This is another strong set of results for shareholders. We continue to deliver on the Chrysalis “outperformance” mantra with very strong showings from our radio and music divisions compared to their industry peers.”
Group turnover has increased to £84.6 million, up from £84.2 million on the same period last year.
Chris Wright, chairman said: “These results show that we are on track to deliver strong earnings growth over the coming years as we reap the benefits of the leading market positions and competitive advantages that we have established in our key business areas.”
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