TCH profits increase to €6.3m

PROFITS at the Irish Examiner’s parent company Thomas Crosbie Holdings jumped to €6.3 million in 2003.

Media group Thomas Crosbie Holdings’ (TCH) accounts for the year ending December 28, 2003 show pre-tax profits hit €6.3m, boosted by a once-off exceptional income of €1m, reversing a pre-tax loss of €0.85m in 2002.

The €1m once-off gain in 2003 was mostly an investment gain, eliminating some of the investment losses of €3.6m in 2002 which pushed the company into a loss-making position. The company made pre-tax profits of €1.2m in 2001.