Sydney - Thursday - August 25: (RWE Australian Business News) - Television & Media Services Ltd (TMS) has delivered a net profit of $5.36 million for the year to June 30, an increase of 220%. Both years' results included various one-off adjustments relating primarily to the profit from the sale of non-core assets offset by losses associated with the write-down or disposal of fixed assets through events unrelated to the normal course of business. By removing the effect of the one-off adjustments in both years, profit after tax for Television & Media Services grew from $1.07 million in 2004 to $3.32 million in 2005, an increase of 210%.
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