STV reports rise in digital and production revenue

STV has revealed its revenue from its digital and production arms is up 13 per cent on this time last year.

The company’s half-year financial results – issued this morning – also show an (pre-exceptional items) operating profit for the first six months of this year of £8.1million, up on the £7million achieved during the first half of last year.

Similarly, (pre-exceptional items) pre-tax profit is up, year-on-year, from £6.5million to £7million.

Its net debt was down, year-on-year, by three per cent, from £57.5million to £55.9million.

As it happens, the digital revenue increase alone is also 13 per cent.

In a statement, chief executive, Rob Woodward, is quoted, as saying: “We are continuing to deliver growth in the non-broadcast areas of our business with a 13 per cent increase in revenues in these activities. The strong financial performance delivered in the period demonstrates the underlying strength of our business and we are successfully extending our reach and engaging with new consumers across an increased range of platforms.”