The 2% fall is a result of the much larger fall earlier this year, when Capital reported that like-for-like radio revenues were down 7% in the six months to March 31, according to a trading statement issued this morning.
More encouragingly, Capital said that like-for-like radio revenues will be up 2% for the six months to September 30.
Earlier this year, Capital reported a 20% profits fall when it reported its interim results in May. Pre-tax profits were down from £17.8m to £14.2m for the six months to March. Turnover was down by 8.2% to £60.03m from £65.4m for the same period last year.
Capital's shares were up 2.72% this morning to 467.5p. Earlier this month, shares in Capital dropped more than 11% as its star morning show DJ Chris Tarrant announced he planned to quit later this year to take a year off from his Capital FM Show.
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