Business
Half Year Results
Half Year Results.
About this update from Stv Group Plc
[{"type":"text","content":"\n \n \n · \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Press Release 0700 hours, 6 September 2022\n \n \n \n \n \n \n \n \n \n STV Group plc Half Year Results to 30 June 2022\n \n \n \n \n \n \n \n \n \n Diversification strategy delivers continued growth\n \n \n \n \n \n \n \n \n · \n Strong financial performance, with revenue and profit both up on record 2021\n \n \n · \n Diversification strategy continues to deliver, with Studios revenue +16%, VOD advertising revenue +16% and regional advertising revenue +11%\n \n \n · \n Shape of advertising performance broadly as expected in H1, despite ongoing economic uncertainty, with Total Advertising Revenue (TAR) + 4% (+9% vs 2019)\n \n \n · \n STV had a higher audience reach in Scotland than all subscription (SVOD) services combined in the first half\n \n \n · \n STV remains Scotland's most popular peak time channel for the 4th year in a row\n \n \n · \n STV Player active users +7% and VIP users +37%\n \n \n · \n STV Studios continues to scale rapidly, with a record 25 new commissions in H1\n \n \n · \n Board proposes interim dividend of 3.9p, +5% on 2021\n \n \n \n \n \n \n \n \n \n \n Financial Summary - 6 months to 30 June\n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n 2021\n \n \n \n \n vs 2021\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £62.1m\n \n \n \n \n \n £60.3m\n \n \n \n \n +3%\n \n \n \n \n \n \n Total advertising revenue\n \n \n \n \n \n £53.2m\n \n \n \n \n \n £51.4m\n \n \n \n \n +4%\n \n \n \n \n \n \n Operating profit\n \n \n \n \n \n £11.9m\n \n \n \n \n \n £9.7m\n \n \n \n \n +22%\n \n \n \n \n \n \n Operating margin\n \n \n \n \n \n 19%\n \n \n \n \n \n 16%\n \n \n \n \n +3pps\n \n \n \n \n \n \n Adjusted profit before tax*\n \n \n \n \n \n £11.2m\n \n \n \n \n \n £10.6m\n \n \n \n \n +6%\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n £10.6m\n \n \n \n \n \n £8.5m\n \n \n \n \n +25%\n \n \n \n \n \n \n Adjusted basic EPS*\n \n \n \n \n \n 20.0p\n \n \n \n \n \n 19.2p\n \n \n \n \n +4%\n \n \n \n \n \n \n Statutory basic EPS\n \n \n \n \n \n 18.7p\n \n \n \n \n \n 15.4p\n \n \n \n \n +21%\n \n \n \n \n \n \n Net debt\n \n +\n \n \n \n \n \n \n £6.6m\n \n \n \n \n \n £17.6m\n \n \n \n \n +63%\n \n \n \n \...