Trading Statement
25 Setembro 2003 - 4:02AM
UK Regulatory
RNS Number:1555Q
Capital Radio PLC
25 September 2003
Capital Radio plc Pre-Close Full Year Trading Statement
25 September 2003
Capital Radio plc, the UK's leading commercial radio group, today announces a
trading update for the twelve months ending 30 September 2003, ahead of the full
year results due to be released on 13 November 2003.
We anticipate that like for like radio revenues for the quarter to September
2003 will be broadly flat in line with expectations. In the quarter to June
2003, revenues were down 6% against the same quarter in the previous year.
Consequently, revenue for the six months ending 30 September 2003 will be down
3% against the same period in the prior year.
Accordingly, we anticipate that like for like radio revenues will be down 4% for
the year ending 30 September 2003. Revenue for October 2003 is likely to
increase against a weak October last year.
With the recent optimism in the media marketplace we have seen some limited
signs of improvement. However, we remain cautious and believe that it is too
early to tell when the UK advertising sector will recover.
Enquiries:
Capital Radio plc
David Mansfield, Chief Executive 020 7766 6268
Jane Wilson, Director of Communications 020 7766 6863
Finsbury Group
James Leviton 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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