26 Aug 2008 07:00
Embargoed: 0700hrs, 26 August 2008
DCD Media plc
("DCD" or the "Group")
Trading Update
Further to the trading update on 5 June 2008, DCD Media, the independent TV production and distribution group, confirms that several production deals within two of the Group's subsidiaries were not concluded prior to DCD's financial year end on 30 June 2008. Subsequently, certain of the deals were successfully concluded since the start of the current financial year, with the two remaining contracts expected to follow in the near term.
The Board of DCD reiterates that some rescheduling in production activity is inevitable in a group of this size and that the effect of this is one of delayed revenues rather than lost revenues. The Directors are very encouraged by the development pipeline and the strong prospects for the current financial year and beyond.
For further information please contact,
Chris Hunt, Chief Executive
DCD Media Plc
Tel. 020 7297 8000
Ben Simons or Eleanor Williamson
M: Communications
Tel. 020 7153 1540
Tom Price or Jeremy Ellis
Evolution Securities
Tel. 020 7071 4300