In an annual general meeting statement, SRH, which owns stations such as Radio Clyde, Radio Tay and the dance music station Vibe FM in a joint venture with GWR, said that the period from October to December has shown an improvement.
Lord Gordon of Strathblane, chairman of SRH, said that the group has had a good start to the current financial year, with revenues on continuing activities, including acquisitions, up over 30% in the first quarter. Like-for-like revenues were up 6%.
In a statement, Lord Gordon said: "In radio, this reflects an improvement in national advertising revenue and a continuing strong performance from local direct advertising. Like-for-like radio revenues were up 6.5%, compared with the same three months a year ago."
He added: "While it is still too early to foretell how the full year might develop, we are pleased with the start to our new financial year and remain confident about the group's inherent strengths."
The company has been reorganising its interests over the past 12 months, selling its outdoor advertising business Score Outdoor to Clear Channel and agreeing to buy the Galloway Gazette and the Stornoway Gazette from Johnston Press Holdings.
SRH's interim results will be published on May 23.
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