Profits up 50pc at STV

THE chief executive of STV has stressed that Brexit poses no threat to advertising revenues after the Scottish broadcaster reported a sharp rise in first-half profit.

Profit rose 50pc to £10.2m, while sales rose 5pc to £56.2m in the first six months of the year, boosted by digital revenues and its production arm.

Turnover at STV Productions doubled to £ 3.5m, driven by a number of popu- lar recommissioned TV shows, including the BBC’s Antiques Road Trip, STV said.

Chief executive Rob Woodward said he does not expect advertising to dry up in the wake of the EU referendum.

‘The world continues as it did before,’ he said.

‘We haven’t seen any advertisers change their bookings and there is no indication that will happen.’