Wednesday 24 January 2018

ITV says will outperform ad market after paying special dividend


ITV said it expected to outperform the television advertising market in 2016 after reporting a 20pc jump in 2015 earnings per share and returning £400m (€515m) to shareholders with a special dividend.

Britain's biggest commercial free-to-air broadcaster reported adjusted earnings per share of 16.5 pence, compared with a forecast of 16.1 pence. Core earnings rose 18pc to £865m on revenue up 15pc to £2.97bn.

The company said on Wednesday it would pay a special dividend of 10p a share in addition to a final dividend of 4.1p, which was ahead of previous guidance.​


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