Tuesday, March 19 07:50:11
UTV Media has reported pre-tax profits of £21m sterling for 2012, down from £23.3min 2011. Group operating profit fell to £23.9m from £27.8m, while group revenue slipped by £1.5m to £120.1m according to RTE News.
The company said in its results statement that TV and radio revenues were hit by difficult economic conditions in Ireland. UTV said its board is recommending a final dividend of 5.25 pence per share, making a total dividend of 7 pence. It said this is an increase of 17pc over last year and a 75pc increase from 2010.