SMG confident about future
STV owner SMG today said it is confident that its core television market will continue to move forward.
The company, which announced that it is proposing to change its name to stv group, reported that revenues at its continuing STV operations in the first half of the year were at 56 million, the same figure posted for the first half of 2007.
Operating profits before exceptional items at STV increased by 1m to 4.9m.
Overall pre-tax profits for the group, which sold Virgin Radio to TIML in June for 53.2m, dropped from 4.2m to 1m.
SMG chairman Richard Findlay said: "We have made great progress on our 2008 targets and we remain confident of our ability to achieve the goals we set out."
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Sunday 19 February 2012
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