Saturday February 22, 2020

UTV Media shares fall despite signs of growth

UPDATE: “As expected the first half of the year has been challenging for the Group. However, we remain confident about the prospects for growth in the second half."

27th August, 2013
UTV Media

UTV Media saw its share price fall 4.2 per cent this afternoon despite earlier reporting "clear signs of return to revenue growth in all business units".

Such growth would follow a first half of 2013 saw falls in its revenue and profits, today's statement from the company said.

In the first six months, group revenue fell to stg £55.2 million from stg£61.6 million while pre-tax profits fell to stg£6.1 million from stg£10.7 million.

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