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Share Name | Share Symbol | Market | Type |
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Stone Resources Limited | TSXV:SRH | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:3186J Scottish Radio Holdings PLC 28 March 2003 28th March 2003 Scottish Radio Holdings plc ("SRH") Trading Update The Board of SRH issues today a trading update prior to the end of its half-year (ending on 31 March). Overview Trading for the first six months of the financial year (October to March) for SRH will show an estimated increase in group revenues, excluding acquisitions and disposals, of 4%, with a 5% rise in radio revenues and a 3% increase in press revenues. Including acquisitions, radio and press revenues are estimated to be 24% ahead of last year. Commercial radio Like-for-like radio broadcast revenues for the six months to 31 March 2003 are expected to be 5% up on last year reflecting an increase of 8% in national advertising revenue, 3% growth in local advertising revenues and sponsorship and promotions income increasing by 4% (in both latter cases against a strong performance at the same time last year). Including acquisitions, radio broadcast revenues for the six months to 31 March 2003 are estimated to be 32% ahead of the same period last year. SRH has 23 wholly and partly-owned radio services and operates 5 digital radio multiplexes (across the UK and the Republic of Ireland). Score Press It is estimated that like-for-like revenues for the division will have risen by 3% compared with the corresponding six month period of the previous year. Advertising revenues are expected to show an increase of 5% with circulation revenues and other income (mainly from printing contracts) at a similar level to last year. Including acquisitions, press revenues for the six months to 31 March 2003 are estimated to be 13% ahead of the same period last year. The Score Press division publishes 43 local weekly newspaper titles. Outlook and Corporate Position The group has had an encouraging first six months of the current financial year with good performances from both the radio and press divisions. It remains too early to forecast how the full year will turn out; however we are pleased with the start to the financial year and are confident that we are in a strong position to develop both divisions through organic and acquisition led growth. The interim results for this period are expected to be announced on Friday 23 May 2003. Enquiries: Scottish Radio Holdings plc Richard Findlay, Chief Executive 0141 565 2202 Alan Wilson, Finance Director 0141 565 2242 Gavin Anderson & Co Byron Ousey 020 7554 1446 This information is provided by RNS The company news service from the London Stock Exchange END TSTKGGZFNNZGFZM
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