GCap Media has reported a 2% increase in total revenue for the first quarter of its financial year. The results, to be announced later today, show signs of improvement at the group with radio advertising revenue expected to be up by 14% in July.
The results also show that total revenues, including its online division, were up by 6% in June. The group says there has been an “encouraging trend” in radio since its preliminary statement in May, when it reported a 2% drop in April and a 1% increase in May.
It has seen strong growth in its online division with revenue up by 38% year on year and monthly unique users up by 13% on last year. The group has already announced plans to invest £2.1m in its websites.
GCap chief executive Ralph Bernard (pictured) says: “We are continually improving the business and finding new ways to unlock its full potential.”
He adds that the brand portfolio has been streamlined and it has been building audiences at its major stations. He says: “Encouragingly, we are beginning to see signs of improvements in advertising revenue, despite an uncertain outlook for consumer confidence.”