27/02/2013

ITV Report 6% Pre-Tax Profit Rise

ITV have reported pre-tax profits of £348m in 2012, a rise of 6%.

It is the third year of “double-digit earnings growth” for the broadcaster, chief executive Adam Crozier said.

Having ended the year with net cash of £206m, the broadcaster will pay a full-year dividend of 2.6p and a special dividend of 4p.

It is only the second year ITV has paid a dividend since the merger of Carlton and Granada in 2004.

Announcing the full-year results, Crozier quashed rumours of a takeover, saying they had not been approached by any equity funds or other corporate raiders.

The company said it has seen growth in all areas with revenues up to 3% to £2.19bn, fuelled by a strong performance in its studios, online and its pay and interactive businesses.

(H)


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