![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Local Radio | LSE:TLR | London | Ordinary Share | GB00B0108C60 | ORD 4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5974R Local Radio Company PLC (The) 04 April 2008 4 April 2008 THE LOCAL RADIO COMPANY PLC The Local Radio Company ("the Company") is today providing an update on trading ahead of its interim results announcement. We expect revenues for the six months to March 31st 2008 to increase by 5% overall and 4% on a like for like basis continuing the positive trend from last year, albeit in difficult market conditions. Revenues from national sales through the Company's joint venture First Radio Sales have been exceptionally strong. The business has an excellent management team and we expect them to maintain this strong performance in the second half of the year. Despite weakened consumer confidence in the first few months of 2008, reflected in poor high street sales, our local business has continued to make progress, with revenues 1% ahead on a like for like basis as an improvement in March offset weaker trading in January and February. However, the Company's strong revenue performance has been offset by our significant investment in in-house web design and sales to support our on-line strategy, upward pressure on operating expenses and start-up costs for our new station in Northallerton. Audience growth has continued with more of our stations than ever before now holding the first or second commercial slot in their local markets. We now hold pre-eminent market positions in 21 out of our 27 markets. Our total listening hours have also shown further improvement, growing by 10% over the last 12 months from 6.9 million to 7.7 million hours. We have continued to make progress in monetising radio audiences through the on-line extension of our portfolio of strong local radio brands. This alternative digital strategy is proving increasingly popular with listeners and is creating a new competitive marketing platform for our many local advertisers. Whilst at this stage our on-line revenues are small, we have already seen a three-fold increase in on-line sales in the second half of the period and we expect this level of growth to continue for the rest of the year. We will report more fully on our on-line strategy and progress in our interim results statement. Richard Wheatly, Executive Chairman of the Local Radio Company said: "In this first six months we have successfully continued to drive our revenues in what has been an uncertain advertising market. I am encouraged by progress in the business and particularly by the development of our local on-line businesses. I expect this progress to continue as we work to grow revenues from all sources and expand our local franchises beyond the conventional radio advertising model. We have a strong balance sheet and continue to monitor developments in the sector with the objective of improving our portfolio of stations." For further enquiries, please contact: Richard Wheatly, Executive Chairman Alistair Mackenzie, Finance Director The Local Radio Company 01494 688 205 John Craven/Simon Robinson Landsbanki Securities 020 7426 9000 Andy Mills/James Devas Aura Financial 020 7321 0000 - ENDS - This information is provided by RNS The company news service from the London Stock Exchange END TSTSSDFUDSASEDL
1 Year Local Radio Chart |
1 Month Local Radio Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions