Limerick radio station owners take 15% hit

PRE-TAX profits at the company that operates the UTV-owned Limerick Live 95 radio station last year dropped by 15% to €895,680.

According to returns just made to the Companies Office, Treaty Radio Ltd also sustained a 10% decline in revenues from €3.1m to €2.8m in the 12 months to the end of December last.

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