Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pleasant Viewing for ITV Shareholders

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

LONDON -- ITV (LSE: ITV.L  ) today released its half-yearly report, ending June 30, 2012. It has been just under two years since ITV launched its five-year "transformation plan" in August 2010, and the refocusing certainly seems to be having a positive effect, with the company delivering double-digit revenue and profit growth.

External revenues are up 10% to 1,130 million pounds (from 1,027 million pounds in 2011), and it has seen growth in all areas of the business, including a 106 million pound increase in non-advertising revenues. Profit is up to 235 million pounds (from 204 million pounds in 2011), and dividends have increased from 0.4 pence to 0.8 pence.

The best-performing sector in the ITV group was undoubtedly ITV studios, which saw a jump in revenue of 91 million pounds to 355 million pounds: a 34% change for the better. This could also continue to rise in the coming years, as ITV looks to continue its investment in creativity. 

Chief Executive Adam Crozier said:

We continue to invest in our creative pipeline. In the first half we had 61 new commissions and 61 recommissions as we increasingly look to formats that return. In the UK we have grown our revenues both on and off ITV and over the full year expect to grow content globally. We now have eight ITV Studios programmes that are produced in three or more countries, compared to four in 2011 and are building scale in our distribution business with our own and third party content.

A stock that focuses on paying a good dividend can be an excellent choice as a starting point for any budding new investor. For further help and advice on how to get started, download our FREE report: "What Every New Investor Needs to Know."

Further Motley Fool investment opportunities:

Chris Nials doesn't own any shares in ITV. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1959529, ~/Articles/ArticleHandler.aspx, 10/25/2016 2:55:20 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,223.03 77.32 0.43%
S&P 500 2,151.33 10.17 0.47%
NASD 5,309.83 52.43 1.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes