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26 Apr 2010 07:00
UBC Media Group plc
("UBC" or "the Company")
Trading Update
26 April 2010
UBC Media Group plc (UBC.L), the UK's specialist content and radio services company, has today issued the following Trading Update ahead of its Preliminary Results for the year to 31 March 2010 which are expected to be announced on 7th June 2010.
The Company expects sales to have risen by 40% in the last year to approximately £4.9m (2008/9 £3.5m).
Trading in the second half of the year has benefited from the acquisitions recently made and profit before tax is expected to be ahead of market expectations.
With the earnings improvement, even after the cost of acquisitions in the period, the Company continues to enjoy a healthy cash balance of approximately £8.4m. The Board is pleased with the progress of its strategy outlined at this stage last year and expects to update the market on that strategy with the Preliminary Results announcement.
ENDS
Enquiries:
Simon Cole, CEO, UBC Media Group plc. Tel: 020 7453 1600
Mark Percy, Corporate Finance, Seymour Pierce. Tel: 020 7107 8000
David Banks, Corporate Broking, Seymour Pierce. Tel: 020 7107 8000
Notes to Editors
About UBC Media Group
UBC is quoted on the London Stock Exchange's AIM market. UBC is the market leader in the supply of audio content to the radio industry in the UK. The Group is the largest independent producer of radio programming for the BBC and a provider of entertainment programming to commercial stations throughout the UK. Its software division, Unique Interactive, is a global supplier of digital radio text and data services.
www.ubcmedia.com
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