Limerick’s Live 95FM profits fall 40% to €1m

PRE-tax profits at the UTV-owned Limerick’s Live 95FM radio station last year decreased by 40% from €1.79 million to €1m.

Returns to the Companies Registration Office show that Treaty Radio Ltd also sustained a 24.5% drop in revenues from €4.1m to €3.1m to the end of December last.

However, in spite of the drop in turnover and profits, the company’s directors state that they believe the company “outperformed the market, given the extremely difficult trading conditions”.