GWR Group plc., owner of Classic FM, has released its interim results for the six months ended 30 September 1997. The Group reports a rise of 27% for profit on ordinary activities before taxation to £6.1m. Turnover on continuing operations is up to £35.2m; a rise of 38% year on year. Earnings per share rose 0.2p year on year to 3.9p. Classic FM has become profitable for the first time ever in a financial period.
The Group is also to launch a new national sales house on 1 January 1998 which will service both Classic FM and regional stations (subscribers see GWR Announces New Sales Operation).
GWR Group Plc. c/o College Hill: 0171 457 2020
