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UBC Media

  • BY: Andrew Hore |
  • POSTED: 28/04/2009 |

UBC Media says that the sales of continuing operations will be £3.5m in the year to March 2009.

Radio content supplier UBC will book a £8.3m profit on the sale of its commercial division to Global Traffic Networks. That division’s revenues were £9.4m.

There is £10.5m in the bank and UBC is arranging a capital reorganisation that will enable it to make distributions to shareholders.

At 4.5p a share, up 0.75p on the day, UBC will be valued at £8.67m.

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