UBC Media revenue up 9% to £1.9m

LONDON - UBC Media Group, the company behind a range of businesses serving the radio sector, reported an increase in revenues to £1.9m in the six months to the end of September, up 9% year on year.

Cole: optimistic about second half of the year
Cole: optimistic about second half of the year

The supplier of audio content and broadcast data software achieved gross profit of £556,000 after group overheads dropped 17% between April and September, to £830,000.

According to a statement to the London Stock Exchange today (16 November), UBC Media has paid a dividend of 0.102p per share to its shareholders, amounting to a total dividend of £200,000. UBC said it expected to pay a total dividend for the financial year to 31 March 2010 of £500,000.

The company agreed an earn-out arrangement with Global Traffic Network, following the sale of UBC's traffic and travel news division to GTN in March this year, and received a payment of £1.95p during the period.

In July, UBC purchased the sponsorship division of the assets it sold to GTN, which trades as IntaMedia, and in August it bought the branded content company Radio Lynx from Music Marketing Services.

Both IntaMedia and Radio Lynx make content on behalf of advertisers and chief executive Simon Cole's report said this was an area of great growth potential. He was hopeful  the two companies would make "substantial contributions to the second half of the year".

Cole said the payment of UBC's maiden dividend as a public company signalled a "significant shift in focus for the group" and UBC was using its cash-rich balance sheet to "build a strong service proposition with content at its centre" and was optimistic about the second half of the financial year.

 

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Bombay Sapphire has launched the second year of its 'Imagination Series' of five sponsored short films, after one from last year's series won a Bafta for Gravity Road in January.

Share
Outdoor Campaign of the Month: Just Eat
[Sponsored feature]
Share
Bauer launches daily football stats email The Equaliser

Bauer launches daily football stats email The Equaliser

Bauer Media has launched The Equaliser, a football-based daily email combining sports statistics and analysis, targeting desktop and mobile users.

Share

Get news by email