UBC Media Group has today issued a Trading Update ahead of its Preliminary Results announcement for the year to 31 March 2009; expected to be announced on 8th June.
Ongoing operations sales are expected to be around £3.5 million, while the company made just over eight million pounds on the sale of their Commercial division to Global Traffic Networks in March this year.
UBC’s current cash balance has gone against market expectations and is now around a buoyant £10.5 million.
