Headline profit hits £156m at BBC Worldwide - Licensing.biz

Headline profit hits £156m at BBC Worldwide

Firm delivers 'steady' performance, with growth in programme sales and international branded channels.
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BBC Worldwide has reported a one per cent rise in its headline profit to £156 million for the 12 months to March 31st 2013.

Profit before tax, excluding gains and losses on disposals, of £125 million was up 21 per cent (2011/12: £104m).

The company grew headline sales by three per cent to £1,116 million (2011/12: £1,085m).

BBC Worldwide's 34 branded international channels have continued to drive revenues, through launching new operations, widening distribution and increasing advertising sales.

Programme sales and distribution also continued to be a strong source of profit, and passed the £300 million revenue mark for the first time.

"BBC Worldwide's performance has remained very robust despite the economic challenges facing the media sector, with particular growth in programme sales and our international channels," said Tim Davie, chief executive of BBC Worldwide and director, global. "2013/14 will be a transformational year for the company with a re-focused strategy that maximises opportunities presented by new markets and technology.

"This will ensure BBC Worldwide remains a world class content company that inspires audiences around the world and helps build the reputation and the commercial success of the global BBC."

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