By Kyle Morris
STV Group PLC said Tuesday that first-half pretax profit and revenue rose as its diversification strategy continued to deliver, with studios and video-on-demand advertising revenue both higher.
The Scottish broadcaster said that first-half pretax profit was 10.6 million pounds ($12.2 million) compared with GBP8.5 million a year earlier.
Revenue for the period was GBP62.1 million compared with GBP60.3 million a year earlier.
The board proposed an interim dividend of 3.9 pence a share, 5% higher on year.
The company sees its nine-month total advertising revenue slightly down and its nine-month regional and video-on-demand advertising both higher.
Write to Kyle Morris at kyle.morris@dowjones.com
$(END)$ Dow Jones Newswires
September 06, 2022 02:34 ET (06:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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