Summary
Scotland's broadcaster STV has said its latest financial figures reflect "a new and revitalised organisation" following a three-year turnaround which has created "a lean, dynamic and innovative growth business".
STV reported a half-year pre-tax profit of pound(s)6m against pound(s)1m last year, on turnover up from pound(s)49m to pound(s)57m, a tenfold increase in pre-exceptional earnings per share to 16p, and a doubling of core broadcasting profit. But net debt rose from pound(s)49.4m to pound(s)60.7m in the six months to June 30.See the full content of this document
Extract
Stv 'Revitalised' After Reporting Profits of Pound(S)6m
The results bear the final imprint of the former SMG's disastrous acquisitions, with a pound(s)1.5m loss on disposal of Pearl & Dean, the cinema advertiser acqui...
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