TVC holdings back in black with €3.8m pre-tax profits

INVESTMENT firm TVC Holdings is back in the black on a first half basis.

The company has reported a pre-tax profit of €3.8 million for the six months to the end of September; up from a loss before tax of €10.4m for the same period last year.

Operating costs were cut by 13% during the period and TVC also made €1.3m from the sale of its stake in international cloud technology specialist, OpSource, back in June.