TV3 returns to profit after 6% growth in revenue

TV3 RETURNED to profitability and grew its revenues by 6% last year, according to latest annual accounts filed with the Companies Office.

The accounts for Tullamore Beta — the holding company for the independent television broadcaster; its sister channel, 3e; and its online operations — show revenues of €57.3 million generated in 2010; up from a figure of €54.3m in 2009.

While the TV3 group made an operating loss of €135.3m in 2009, it returned a small operating profit of €356,000 last year.