UKRD Declares Dividend as Trading “continues to improve”
12:56pm 9th June 2014
Privately owned local commercial radio operator, UKRD Group, has declared an interim dividend payable to all shareholders in June and has confirmed that trading “continues to improve.”
The group, which owns sixteen stations across England including Stray FM, Pirate FM and Eagle Radio, has advised shareholders that trading continues to be patchy but the underlying position is one of growing confidence and increasing turnover and profitability.
“We are seeing good growth in locally delivered revenues right across the portfolio and although national revenues continue to be depressed in historic terms, the overall position shows the group heading towards a near double digit uplift in turnover,” said the group’s Chief Executive Officer, William Rogers.
“We have made a substantial investment in our local teams over the last two years and enhanced considerably the quality of service and support for local advertisers we provide and this is paying off.”
“Having now seen the absurd notion of a DAB switchover removed from the horizon anytime soon, we can now get on and focus on building our business which is what we and many others in the sector should have been doing instead of wasting time and effort campaigning against what was a completely absurd proposition for groups like ours,” he said.
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