RTÉ commercial arm increases after-tax profits to €1.4m

A doubling of mobile revenues from smartphone apps and increasing popularity of the RTÉ Player contributed to RTÉ’s publishing and commercial arm increasing its after-tax profits by 47% last year to €1.36m.

RTÉ Commercial Enterprises Ltd generates revenues from the RTÉ Guide and the sale of RTÉ programmes overseas, and also provides a range of free online services.

In contrast to the RTÉ organisation sustaining losses of €16.8m last year, the figures confirm an improved financial performance at its subsidiary, with revenues at RTÉ Commercial Enterprises rising from €21.5m to €21.7m in the 12 months to the end of Dec 2011.