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Chrysalis trading in line
Wed, 23 Jul, 2008
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Chrysalis trading in line
Wed, 21 Mar 2007, 07:51:00
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Related Market Prices
Name
Value
Percent
Change
Chrysalis Group
100.75p
-1.71%
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Media firm <b>Chrysalis</b> said trading during its first half is broadly in line with its expectations.<br /><br />It is confident that both its Radio and Music businesses remain well placed to outperform its peers over the full year.<br /><br />The group, which owns London's Heart Radio, said advertising sales at its radio unit fell 9% in the six months to end-February as "ongoing volatility affecting the markets".<br /><br />"Whilst the market remains volatile month to month, we are seeing signs of an improving trend. The second half has started positively, with March radio revenues expected to be up at least 2%," said Chrysalis in a company statement. <br /><br />Lasgo Chrysalis performed in line with company forecasts in the first half. "However, given the ongoing and well publicised deterioration of the entertainment products market, we anticipate that results for the second half of the year may be below the targets we set at the beginning of the year," it added.<br />
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