UBC Media Has Better Than Expected Second Half
UBC Media, the commercial radio broadcaster and programme producer, this morning said that trading in the final six months of its financial year has been better than expected, with profit now predicted to be around £75,000. Previously, the group had expected only to break even.
The figures have been boosted by several of the company’s digital businesses reducing costs and performing more efficiently than anticipated. In addition, in the past year UBC’s revenues from airtime sales have continued to increase despite the difficult radio-advertising environment. The group’s ‘complementary mix’ of revenues has protected it from the decline that has hit the radio advertising market in the UK.
Outlook UBC says that current trading gives reason to be optimistic about the prospects for its business. “However, we share the industry’s caution about recovery in the advertising sales market,” says the statement.
Shares in UBC Media were 9.1% at 24p by late morning today.
