Cork based media group Thomas Crosbie Holdings has reported operating profit before interest and taxation of €11.3m for 2005, an increase of 11% on the previous year. Turnover rose to €93.5m, up from €84.2m in 2004
Directors' remuneration jumped to €2.66m, compared to €892,000 in 2004, and shareholders dividends were €7m from €5.1m in 2004.
Group MD, Anthony Dinan said the group will continue to expand.
'We are committed to expansion through organic growth and acquisition and our strong financial position ensures that we will compete for any suitable media assets coming onto the market', he said.
He said that the outlook for 2006 is positive also.
TCH own eighteen newspapers including: the Irish Examiner, the Evening Echo, the Waterford News & Star, the Western People, the Sligo Weekender, The Kingdom, the Newry Democrat, the Down Democrat, the Nationalist and Leinster Times, the Kildare Nationalist, the Laois Nationalist, The Sunday Business Post, Roscommon Herald, Enniscorthy Echo, New Ross Echo, Gorey Echo, Wexford Echo and The Irish Post.
TCH also owns Motornet.ie , Breaking News.ie, Golfonline.ie, Rugby.ie and RecruitIreland.com.
TCH also has 36% shareholding in RedFm in Cork and 15% in Mid West radio in Mayo.
