Wireless Group Shares Rally On 24% Revenue Growth
Revenues at the Wireless Group have risen by 24% during September, October and November, with the company’s flagship talkSPORT jumping by 28%, 42% and 38% respectively.
In a trading statement released this morning, the company said that the local radio stations saw revenues up by 11% in September, 23% in October and 19% in November. These figures significantly outpace both the Wireless Group’s rivals and the growth of the radio market as a whole.
Last week saw the release of financial results and trading outlooks from Chrysalis Radio (see Chrysalis Profits Surge As Outperformance Continues), GWR Group (see GWR Profits Treble With Strong Local Group Performance) and Scottish Radio Holdings (see Scottish Radio Sees Airtime Revenue Up 6% In 2003).
Shares in the Wireless Group were up by 8.3% to 85p by 10.00am, following the release of these strong figures.
