Scottish Radio Holdings profits up 12% to €19m

SCOTTISH Radio Holdings, the parent company of Today FM and a number of Irish media assets, said yesterday that profits had risen by 12.7% in the last 12 months.

The company, which is rumoured to be a takeover target of rival British media group EMPA, said profits for the year ended September 30 had risen to £13.3 million (€19m).

Turnover for the year, excluding that of Dublin radio station FM104, which it bought earlier this year, rose by 12% to £93.6m (€134m).