UTV posts flat profit figures

Lack-lustre advertising sales in the United Kingdom and Ireland kept profits flat at media company UTV.

Lack-lustre advertising sales in the United Kingdom and Ireland kept profits flat at media company UTV.

Group turnover was £57.2 million (€84 million), compared with £57.1 million last year. Group operating profit before exceptional items rose 4 per cent at £13 million.

Radio advertising in Ireland and Britain remained flat on a like-for-like basis. Television advertising revenue fall by 1 per cent, while new media revenue grew by revenue grew by 12 per cent.

But UTV group chief executive John McCann said the company had performed strongly in a challenging environment.