TV3 makes first time profit of €905,000

BROADCASTER TV3 made its first profits last year after seven years on air.

Accounts filed at the Companies Registration Office show the station made pre-tax profits for the year to end August 2004 of €905,000. This reverses a loss of €1.3 million in the previous 12-month period.

Turnover for the year rose from €41.3 million to €43 million, though that would have been higher were it not for a slowdown in advertising spend towards the end of 2003, the beginning of TV3’s financial year.