Ulster TV announces 46% hike in annual profits

Broadcaster Ulster TV said today an advertising upturn had helped it to boost annual profits by 46% to £13.9m (€20.2m).

UTV, which broadcasts TV and radio and supplies internet and telecoms services across Ireland, said television advertising revenues rose by 16% in the year to December 31 against 2.6% for ITV1 as a whole, while radio advertising grew 8%.