TVC pre-tax profits soar 184% year-on-year

Investment firm TVC Holdings has reported a 184% year-on-year increase in first half pre-tax profits, with earnings per share trebling.

The Dublin-based company — whose chief investment is an 18% stake in UTV Media — yesterday posted pre-tax profits of €6.82m for the six months to the end of September; up from a profit of just over €2.4m for the corresponding period last year.

Basic earnings per share amounted to 6.9c; up from 2.3c at the same stage last year.