Pre-tax profits at media firm up 46%

Pre-tax profits at a Limerick- based TV, video and film right distributor increased last year by 46% to $24.2m (€18.5m).

Accounts filed by Nelvana International Ltd to the Companies Office show the company increased its profits after the firm’s revenues went up 36% from €61.9m to €84.3m in the 12 months to the end of August.

According to the directors’ report, the Canadian-owned company — located in Limerick’s National Technology Park — expects the general level of activity to continue for the foreseeable future.