Business
STV Group plc Half Year Results 2017
STV Group plc Half Year Results 2017.
About this update from Stv Group Plc
[{"type":"text","content":"\n \nRNS Number : 3672P STV Group PLC 31 August 2017 \n\n \n STV Group plc Half Year Results 2017\n \nPerformance in line with expectations; increasing returns to shareholders\n \n \nStrategic Developments\n- Simon Pitts to be appointed Chief Executive Officer as of January 2018\n \n- Intended return of capital to shareholders of £10m over next 18 months, reflecting confidence in underlying strength of the business\n \n- Interim dividend of 5.0 pence per share declared, representing an increase of 25% year on year. Proposed total 2017 dividend of 17.0 pence per share, up 13%.\n \n- Drama series commission secured by STV Productions (The Victim, 4 episodes for BBC1) with strong pipeline in H2\n \n- Second network channel, STV2, launched in April 2017 and delivering four-fold increase in commercial impacts\n \n \nHighlights\n- Trading arrangements with ITV providing buffer against weakness in the national advertising market, (down 10% in H1), and changing macro-economic circumstances\n \n- Continued strong profitable growth in digital activities with revenue up 14%, at £4.0m and margin of 50%\n \n \nFinancial highlights\n- H1 performance in line with expectations\n \n- No change in full year guidance\n \n\n\n\n\n \n\n\nH1 2017\n\n\nH1 2016\n\n\nYear on year\n\n\n\n\nRevenue\n\n\n£54.6m\n\n\n£56.2m\n\n\n -3%\n\...