17% dividend increase for UTV

Published Tuesday, 19 March 2013
Toggle font size

UTV Media plc has announced a 17% dividend increase after posting preliminary results for last year.

17% dividend increase for UTV
UTV's headquarters in Belfast (© UTV)

The company reported pre-tax profits of £21m for 2012.

One of UTV's main highlights of the year was the renewal of the Channel 3 licence to 2024.

The national radio station talkSPORT, which is owned by UTV, also signed a deal for Barclays Premier League worldwide audio broadcasting rights to 2016, and acquired worldwide commercial radio rights to the FA Cup and Capital One Cup.

John McCann, Group Chief Executive, UTV Media plc, said: "This is a robust performance in what continues to be a challenging economic environment, especially in Ireland.

"We have maintained effective control over costs coupled with strong cash management and continued debt reduction while at the same time maintaining the market leading positions enjoyed by our media assets.

"Reflecting our strong cash generation and our confidence in the future, we have increased the full year dividend by 17% and remain confident that the Group is well placed to maximise opportunities going forward."

© UTV News
Comments Comments
No comments. Be the first to comment.
Email address*:    
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]
January snow
Tue 13 January 2015
Wintry weather
Wed 28 January 2015
Ravenhill Road fish spill
Sun 25 January 2015