Ten Alps says TV production looking up

Ten Alps, the independent production company co-founded by Bob Geldof, said today that it expects revenues to be down by more than 15% year on year but that TV commissions were looking up. It expects revenues to drop from £80.2m to £68m in the year to the end of March, it said in a pre-close statement ahead of its annual results. Earnings before interest, tax, depreciation and amortisation slipped from £5.9m to £5.4m. It still expects to deliver a 6% year-on-year increase in profit before tax, to £3.5m. "The general recessionary environment during the period affected businesses exposed to advertising, Ten Alps included," the company said. "Ten Alps has successfully improved its margins through reduced product costs, notably, a continued move to online services and digital distribution of the product range." The company added that recent trading had seen ad revenue improvement and that it has "achieved its expected order book for TV production which presents a positive, if early, indication for 2010-11". It also produces web content. • To contact the MediaGuardian news desk email [email protected] or phone 020 3353 3857. For all other inquiries please call the main Guardian switchboard on 020 3353 2000. • If you are writing a comment for publication, please mark clearly "for publication".