StockMarketWire.com - TV distribution and production group DCD Media reported a rise in first-half profit as lower costs offset a fall in revenue.

For the six months ended 30 September 2021, pre-tax profit rose to £262,000 from £240,000, while revenue fell to £5.6 million from £5.8 million year-on-year.

'Strong trading was also driven by some specific high-level sales such as a major licensing deal for The Secrets She Keeps with the confirmed pre-sales to the BBC UK and Sundance Now in the US,' the company said.

'This drama was scheduled in primetime on BBC One in its first season and was a high-profile production in the DCD Rights catalogue.'


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