GCap Media has announced a trading update for the six months ending 30 September 2007, ahead of interim Results due to be released on 23 November 2007.
GCap said that in the last three months its radio advertising revenue has performed in line with the market.
Like for like total revenue growth in the second quarter of the financial year is expected to be around 6%, and as forecast in the group’s interim management statement, this is ahead of the first quarter.
It added that this strong growth partly reflects a period last year when revenues were depressed by the World Cup.
Like for like revenues for the six month period to 30 September are forecast to increase by around 4%.
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