TCH reports 2008 operating profit

IRISH Examiner owner Thomas Crosbie Holdings made operating profits of €5.65 million in 2008.

However, the company recorded a pre-tax loss of €3.5m last year as a result of exceptional losses and fundamental reorganisation costs of €7.75m, accounts to be filed with the Companies Registration Office reveal.

Group managing director Anthony Dinan said the positive operating results are set against a very difficult trading environment.