TV firm's funds triple in year and a half

Shareholders' funds at Observe Outside Broadcast, the television production company backed by music promoter Denis Desmond, have more than tripled over the past 19 months, according to accounts just filed.

Ian Kehoe - avatar

Ian Kehoe

20th August, 2005

Shareholders' funds at Observe Outside Broadcast, the television production company backed by music promoter Denis Desmond, have more than tripled over the past 19 months, according to accounts just filed.

The company, which holds a multimillion-euro outside broadcasting contract for RTE, had shareholders' funds of more than €1.05 million for the 19 months ending last December 31, up from €392,000 the year before.

Observe made an operating profit of €946,000 during the 19 months, up almost €550,000 on...

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