STV Group Plc (STVG.L) said its profit for 2011 plummeted to 0.6 million pounds or 1.5 pence per share from 5.3 million pounds or 13.9 pence per share in the prior year. Underlying profit for the year was 14 million pounds or 36.1 pence per share compared to 12.5 million pounds or 32.9 pence per share last year.
Pre-tax loss was 0.9 million pounds versus pre-tax profit of 3.9 million pounds a year ago. Underlying pre-tax profit for the year rose to 14 million pounds from 12.5 million pounds in the previous year.
Revenue for the year dropped to 102 million pounds from 104.8 million pounds in the prior year.
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by RTT Staff Writer
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