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Motive Television

  • BY: Andrew Hore |
  • POSTED: 17/09/2008 |

TV programme producer Motive Television nearly doubled its interim turnover but its loss also increased.

Turnover rose 86% to £2.71m in the six months to June 2008. Increased investment in TV programming meant that the loss jumped from £185,000 to £515,000. There is still cash in the bank of £1.12m.

Motive says that all of its operating companies made good progress in the period. Brown Eyed Boy produced comedy series ‘How Not To Live Your Life’, which recently finished its run on BBC3.

The economy may slow growth but the company should continue to grow. Motive TV is keeping its eyes open for smaller production companies that run into financial difficulties but would be a good fit for the group.

The Motive TV share price has risen by 0.075p to 0.75p, valuing the company at £2.18m.

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