This TV company doesn’t appear too concerned about Brexit: “We have very little to say”
STV’s shares rose three per cent on Thursday as the Scottish broadcaster reported no impact from Brexit.
The company reported a five per cent increase in revenue to £56.2m, while earnings before interest, taxation, depreciation and amortisation were up 15 per cent in the first half of the year.
STV also reported pre-tax profit of £10.2m, up 50 per cent.
Read more: Revenue and earnings fall at STV Group
Unlike most other UK companies, STV made no mention of the EU referendum in its half-year results today.
“We have very little to say,” chief executive Rob Woodward told City PM
“Because off the back of Brexit we haven’t seen any impact on advertising revenues.
Read more: Scottish TV ups dividend for 2015
“No advertiser has changed their plans off the back of Brexit. So for that reason we haven’t said anything. The world goes on.
“There are still 4.4m adults in Scotland who are consumers and advertisers are still wanting to get their messages to those consumers.”
STV shares rose three per cent to 376p today.