RTÉ profit surges to more than €9m

Despite it’s amny detractors, the RTE’s profits have moved up substantially, on the back of increased advertising, but also the massive growth in houses and apartments in the state. Emmet Oliver reports:

These show its after-tax surplus or profit growing from €6.8 million in 2004 to over €9 million in 2005, a jump of over 30 per cent. This is in sharp contrast to its financial position of four to five years ago when it struggled to turn a profit and had to instigate a major redundancy programme. The growth in the number of houses and apartments in the State has also helped the station because every home with a TV set must purchase a licence. Since April 1st 2005 the cost of a TV licence has been €155.