UBC reports 9% year on year revenue increase

UBC Media Group has reported a 9% year on year increase in revenues to £1.9 million for the six months to the end of September.

The audio and broadcast company, which serves the radio industry, achieved gross profits of £556,000 after group overheads dropped 17% between April and September, according to reports.

UBC has paid a dividend of 0.102p per share to its shareholders, which amounts to a total dividend of £200,000. In a trading statement, the company said it expected to pay a total dividend for the financial year to 31 March 2010 of £500,000.

Simon Cole, UBC’s chief executive, said the payment of UBC’s maiden dividend as a public company signalled a “significant shift in focus for the group” and UBC was using its cash-rich balance sheet to “build a strong service proposition with content at its centre” and was optimistic about the second half of the financial year.

Cole added that UBC’s recent acquisitions of IntaMedia and Radio Lynx have great growth potential.  He said the companies could make “substantial contributions to the second half of the year”.