US$15.8 million profit for OCM

One Caribbean Media (OCM) has recorded a TT$102 million (US$15.8 million) before-tax profit for its 2012 financial year.
This was a six-per cent increase over the media group’s $96 million (US$15 million) pre-tax profit in 2011, OCM chairman Sir Fred Gollop said in a statement published yesterday.
OCM is the parent company of Nation Corporation, owner of Nation Publishing Company Limited and Starcom Network Inc in Barbados and Caribbean Communications Network (CCN), owner of the Trinidad Express Newspapers and television station TV6 in Trinidad.
OCM also announced a 9.7 per cent increase in revenues, up from $451 million (US$70 million) to $495 million (US$77 million) in 2012.  (CB)