UBM announces £203 million special dividend
Publishing and exhibitions group United Business Media (UBM) is to return more capital to shareholders and pay a special dividend of £203 million. 2006 was a good year for UBM, and the group reported a 17% rise in full-year revenues to £739 million, while operating profits were up 18% to £149 million.
David Levin, chief executive officer, said:
By reshaping UBM through acquisitions, disposals and investments, our revenues and profitability have become more predictable and less dependent on print classified and display advertising.
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