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SMG announce latest results

by RadioToday UK
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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.’

Click here for the full report.

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