GWR switches off overseas as profits tumble BUSINESS SUPPLEMENT Edition

The plans were unveiled as GWR reported a 63 per cent drop in pre- tax profits, down to GBP 7.7 million before one-off costs in the year to 31 March, from GBP 20.7 million in the same period a year ago. The group also recorded a sharp 7.2 per cent fall in like-for- like advertising revenues across G...

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Bibliographic Details
Published inScotsman (Edinburgh, Scotland : Daily)
Main Author JANE GILLARD Northern Business Reporter
Format Newspaper Article
LanguageEnglish
Published Edinburgh (UK) Scotsman Publications 28.05.2002
Subjects
Bernard, Ralph
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Summary:The plans were unveiled as GWR reported a 63 per cent drop in pre- tax profits, down to GBP 7.7 million before one-off costs in the year to 31 March, from GBP 20.7 million in the same period a year ago. The group also recorded a sharp 7.2 per cent fall in like-for- like advertising revenues across GWR's 33 UK radio stations last year. Group turnover edged up to GBP 128.4 million from GBP 127.2 million. A GBP 10 million write-down of European assets contributed to one- off costs, which meant GWR made bottom-line losses of GBP 15.1 million in the year.
ISSN:0307-5850