Absolute Radio suffered pre-tax loss of £2.5m in 2012
Absolute Radio made a pre-tax loss of £2.5 million in 2012 - down 37.4% year-on-year.
Revenues for Bauer Media’s latest purchase stayed around the same at £16.71m in 2012.
Discussing the performance, Adrian Robinson, the chief financial officer of Absolute Radio said the drop could be down to the so called ‘Olympics effect’.
“2012 was a year of two halves, as they say at football matches,” he said. “The Olympics affected most media organisations in some way.
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