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Annual Results

STV Group hikes FY pretax profit in strong results

03 March 2017 07:42

STV Group's FY pretax profit fell 3% to £18.5m in what it says was a strong set of annual results, featuring revenue up 3% to £120.4m and total dividend up 50% to 15p a share.

"Today's strong results demonstrate robust and resilient performance in our core business and growth in STV Productions and our highly profitable digital activities," said CEO Rob Woodward in a statement.

He added that the Consumer division had delivered its highest margin for 11 years, despite a weak airtime market in the second half of 2016.

"We are continuing to de-risk the core business placing the company in a strong position to deal with any weakness in the advertising market in the short to mid-term whilst relentlessly pursuing our growth objectives," said Woodward.

"Our digital activities are performing strongly with a margin of 52%. These products enable us to extend our reach and impact through our family of consumer services."

Story provided by StockMarketWire.com

Related Company: STVG

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