RDF Media Group plc - Interim results for the six months ended 31 July 2006
19th October, 2006
Financial Highlights
- Turnover up 57% to £37.5m (2005: £23.8m)
- Gross profit up 77% to £11.5m (2005: £6.5m)
- Profit before tax, float costs and FRS 20 charge up 46% to £2.2m (2005: £1.5m)
- Profits from rights exploitation up 53%
- Cash inflow from operating activities £3.5m (2005: £nil)
Other highlights
- Two UK acquisitions (Foundation and The Comedy Unit) extend genre coverage to children’s and comedy
- Organic growth in core UK TV production business with gross profits up 30%
- Growth of production business with BBC
- RDF USA announces three new commissions
- US rights business Pangea Management launched
- RDF Rights continues to increase number of clients, catalogue hours and genres
Outlook
- Confidence in a satisfactory outcome for the full year
David Frank , Chief Executive, commented:
“Over the past 18 months we are proud to have witnessed the emergence of RDF as a dynamic media group comprising content and rights companies across the UK and in the US . This has been achieved against a backdrop of organic growth. We continue to invest in all areas of the business and believe we have laid the foundations for future growth in our existing markets and further afield.”
For further information, please contact:
| David Frank, Chief Executive |
Jonathan Slow, Corporate Development Director |
| Janice Price, Chief Financial Officer |
Alice Robertson, Group Head of Marketing & Publicity |
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| RDF Media Group plc |
Tel: 020 7013 4440 or 020 7013 4335 |
An analyst presentation will be held today at 9.30am at Investec, 2 Gresham Street , London EC2V 7QP . To register please call Alice Robertson on 020 7013 4368. Photographs are also available on request.
View the full RDF Media Group plc - Interim results for the six months ended 31 July 2006 release (PDF - 232KB).
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