SMG Plc have announced their Preliminary Results for 2005 covering Television, Radio, outside marketing and Pearl and Dean revenues.
Virgin Radio produced a market-beating performance with revenues up 11% and operating profits jumping by 23%.
Andrew Flanagan, Chief Executive, said:
‘Overall, this has been a solid trading result for SMG, coupled with some positive regulatory outcomes, which has resulted in a year of strong progress. Alongside this we have made significant headway in developing new revenue streams in response to the changing UK media environment.’
Chris Masters, Chairman, said:
‘The Group’s encouraging overall operational performance and strong profit growth, coupled with its significant progress in new business initiatives, has underpinned the Board’s confidence in the Group’s long term prospects.’
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