Media group TCH reports €10m decline in turnover in 'challenging conditions'

Media group, Thomas Crosbie Holdings Limited (TCH), has announced a €10.7m fall in revenues for the 52 weeks to January 2, 2011.

The group said their turnover of €71.8m had shown a fall from the €82.5m generated over the 53-week period ending January 3, 2010, but their operating losses increased only marginally from €2.9m in 2009 to €3.1m in 2010, due to the achievement of significant cost reduction and loss elimination programmes.