TVC Holdings has reported pre-tax profits of €2.4m for the half-year to the end of September — a near 37% decline on the same period last year.

IRISH investment firm TVC Holdings slipped back into the red during the first half of its current financial year; showing a loss of €11.46 million — for the six months to the end of September — and seeing the value of its investment portfolio fall by €12m to €60.4m.