Absolute Radio reports loss of £2.7m for 2008

McCabe, Maisie
November 2009
Media Week;11/17/2009, Issue 1234, p5
Trade Publication
The article reports on the financial performance of Absolute Radio for 2008. Its parent company, TIML, posted an 8.2% decline in its turnover to 22 million British pounds, attributed to rebranding investments and recessionary effects. It also generated a loss of 2.7 million British pounds in 2008, compared with a profit of 3.8 million British pounds in 2007. A 24.7% surge in operating expenses was also noted for the year.


Related Articles

  • Drivers Jonas bonuses up but profit fails to impress. Cahill, Julia // EG: Estates Gazette;10/22/2005, Issue 542, p36 

    Reports on the financial performance of Drivers Jonas for the year ended May 31, 2005. Pretax profits generated by the company; Growth of the company's turnover; Value of the expenses of the firm for document management technology.

  • Strategy clinic.  // Caterer & Hotelkeeper;10/18/2007, Vol. 197 Issue 4498, p75 

    In this article, the author offers a number of tips for increasing business turnover. According to the author, increased turnover usually means that the all-important bottom line shows a similarly healthy increase. He indicates that some variables can affect turnover and profitability and hence...

  • Tuning up the brand. Benady, David // Design Week;9/25/2008, Vol. 23 Issue 39, p9 

    The article focuses on the rebranding of the radio stations due to the consolidation succeeding a relaxation of ownership rules by regulator Ofcom in Great Britain. Times of India Group engaged Absolute, a radio consultancy firm to manage and create new branding for Virgin Radio which the...

  • Absolute Radio in rebranding drive.  // Marketing Week;3/12/2009, Vol. 32 Issue 11, p13 

    The article reports that Absolute Radio (UK) Ltd. is set to launch the next stage of its rebranding campaign that will focus on the radio station's expanded playlist. The station, which rebranded from Virgin Radio in September 2008, will run the second wave of television activity in March 2009....

  • Virgin FM rebranded Absolute. Lee, Jeremy // Marketing (00253650);9/3/2008, p2 

    The article reports on the rebranding of Virgin Radio into Absolute Radio in Great Britain. The name is part of the consortium that purchased the station from SMG early in 2008. Virgin Radio was sold for £53 million to TIML, part of the Times of India Group, and radio consultancy Absolute...

  • The process of cleaning up.  // Contract Journal;3/14/2007, Vol. 437 Issue 6616, p13 

    The article reports on the financial performance of Interserve in 2006. The company's pre-tax profits declined to £15 million while its turnover rate was £1.4 billion. The author states that Interserve's poor financial results can be attributed to the £8 million internal investigation...

  • Reed Boardall stays focused despite loss. Nash, Sally // Motor Transport;2/1/2007, p7 

    The article focuses on the financial performance of Reed Boardall Transport, a haulage and transport contracting company in Great Britain, for the year to March 31, 2006. The company reported a pre-tax loss of £574,217 for the period ending. The turnover of Reed Boardall rose to £25.0...

  • Guess 4th-Quarter Net Falls, Sales Up. Young, Vicki M. // WWD: Women's Wear Daily;3/18/2009, Vol. 197 Issue 58, p2 

    The article reports that Guess? Inc. posted lower fourth-quarter results, but finished the year with a stronger bottom line. For the three months ended January 31, 2009, income fell 13.2 percent to $47.9 million, or 52 cents a diluted share, from $55.2 million, or 59 cents, in the year-ago...

  • Depreciation sees Lavendon's pre-tax profit slump.  // PMJ: Plant Managers Journal;Oct2003, Vol. 30 Issue 10, p6 

    Reports on the financial performance of Lavendon Group for the first half of 2003. Amount of the pre-tax loss posted by the company; Percentage increase in turnover; Growth of the company's revenue in Spain.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics