UTV, owner of talkSPORT, has reported a 2% increase in group revenues for 2007, to £115.6 million.
Operating profit, including associate income and before exceptional charges was up 5% from £24.8 million in 2006, to £26 million.
Radio operating profit was up 21% at £14.5 million for the year, while television operating profit was down 14% at £10.1 million.
Operating profit from new media grew by 30%, from £1.1 million in 2006, to £1.4 million in 2007.
John McCann, group chief executive, UTV Media Group, said: “UTV’s continued success compared to our media peer group is extremely reassuring.
“Our strategy of driving organic earnings growth, which in turn enables continuing investment in key commercial areas, remains core to our success. This, coupled with our recently announced acquisitions of Dublin’s leading radio station, FM104, and Tibus, a web services company, will allow us to build further in our core markets.
“UTV’s trading performance for the early part of 2008 is encouraging and our outlook for the year is cautiously optimistic given the current market uncertainty.”
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