DCD Media, the independent TV distribution and production group, reports revenues for the six months to 30 June of £3.3m (2015: £6.5m).
The decrease is primarily due to the poor uptake of new production commissions coupled with the cessation of Celebrity Squares.
The development of new programmes has ceased and several redundancies were announced.
These results include the redundancy and other restructuring costs associated with this decision.
Adjusted profit before tax was £0.02m (2015: loss £0.02m), resulting in an adjusted gain per share for the period of 3p (2015: loss 2p).
Due to the £0.2m non-cash charge against intangibles, described in the balance sheet section below, and £0.3m of restructuring costs in the period, the Group's statutory loss after tax was £0.4m (2015: £0.2m).
At 3:39pm: (LON:DCD) DCD Media PLC share price was 0p at 245p