News 2007

RDF, a leading television production and distribution company, today announces its interim results for the six months ended 31 July 2007. Highlights include:

Financial

• Revenue up 38% to £51.6m (2006: £37.5m)
• Gross profit up 20% to £14.2m (2006: £11.8m)
• Profits from IP division up 77% to £4.4m (2006: £2.5m)
• Adjusted* profit before tax down 27% to £1.9m (2006: £2.6m)
• Net debt £3.5m (31 January 2007: £0.2m)

*Adjusted profit before tax is stated before amortisation, IFRS2 share based payments and exceptional items but after fully expensing £1.5m of continued investment into US Production, RDF Kids, Family Entertainment and RDF Digital

Operational

• US Production revenues more than doubled, strong prospects for full year
• Continued organic growth in RDF Rights
• Children’s distribution catalogue, RDF Kids, launched October 2007

Current Trading & Outlook

• Wyatt Report concludes no intention by RDF to defame or misrepresent
• Agreement with ITV to resume commissioning expected imminently
• Discussions with BBC ongoing
• Decision on transmission of A Year with the Queen still pending

David Frank, Chief Executive, commented:

"RDF continues to diversify its revenues, by investing in new markets and extending the range of activities in which we engage. I believe that the Group remains well positioned to capitalise on a wide variety of commercial opportunities.

“The recent suspension of commissioning imposed on RDF by the BBC and ITV lasted longer than we originally anticipated. As a result the Group will not make up sufficient ground to fulfil expectations for this year within its UK Production division. However, a strong performance in the US will go some way to redress this and, in the medium term, the investments we are making in US Production, RDF Kids, Family Entertainment and RDF Digital will further diversify the Group’s revenue streams.”

For further information, please contact:

An analyst presentation will be held today at 9.30am at Investec, 2 Gresham Street, London EC2V 7QP. Photographs are available on request.

View the full RDF Media Group plc - Interim results for the six months ended 31 July 2007 (PDF - 248KB).

Please note that you will need to have Acrobat Reader installed to view the PDFs. The latest version can be downloaded free of charge from the Adobe website.