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World Cup helps STV reach 35% pre-tax profit growth to £8.4m

on Aug 28, 2014 | 0 comments

By Stephen Lepitak

STV has recorded a 35 per cent growth in pre-tax profits at £8.4m following improved advertising and digital revenue during the first six months of 2014.

The Scottish commercial broadcaster released its half year results, which revealed a 7 per cent year-on-year growth in revenue at £54.7m and an operating profit increase of 20 per cent at £9.8m.

Rob Woodward, Chief Executive Officer for STV, said: “Today’s results represent a strong performance at the half year with continuing progress towards our 2015 strategic aims. The enhanced dividend policy reflects the transformation of STV to a business that is well positioned to deliver Read full story ›

Source: The Drum