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DCD Media shares rise after “very strong start” to 2019

Sales which were supposed to have happened last year have now gone through

penn & teller
DCD and its subsidiaries make shows such as Penn & Teller: Fool Us In Vegas

Independent TV distribution and production group DCD Media Plc (LON:DCD) has enjoyed a “very strong start” to 2019, which bosses say gives them “cause for optimism” for the year ahead.

The production house, which is behind TV shows such as Bridezillas and Penn & Teller: Fool Us in Vegas, said several sales that should have happened in 2018 have now gone through in the opening few weeks of this year.

But the delays to those sales mean that revenues and profits are both likely to have fallen last year.

Revenue for the 12 months ended 31 December is expected to have dropped to £7.3mln (2017: £10.2mln), while pre-tax profits are seen falling to £0.1mln (2017: £0.5mln).

Full-year results are due to be published on 31 May.

Quick facts: DCD Media Plc

Price: 275 GBX

AIM:DCD
Market: AIM
Market Cap: £6.99 m
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