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Profit climbs at Ten Alps UK factual producer Ten Alps put in a strong financial performance in the year ending March 31, reporting a 5% rise in pre-tax profit despite a 1.5% fall in revenue. Pre-tax profit stood at £3.3m (US$5.3m), compared with £3.2m the previous year, while revenue fell to £80.2m.  In a market that has been hit hard by audience fragmentation and recession-induced budget cuts, the prodco said its order books had been helped by the company's focus on business-to-business sectors, such as education and health.The company also confirmed its intention to bid for local broadcast news contracts, subject to the issuing of tenders following the publication of the UK's Digital Britain report tomorrow. Ten Alps said it would continue to drive its business online and aims to further increase margins in the current financial year. The firm is developing online science channel Newton TV, alongside The Open University, The Science Museum and The Royal Institution, and Accountancy TV for the accounting industry. Ten Alps CEO Alex Connock said 2008/09 had been economically volatile but the company had met its financial targets. "The new financial year has commenced with a decent order book," he said. "However, it is too early to assume strong organic growth from existing customers. So this year we intend to continue migrating online, targeting further margin benefits and growth opportunities." Martin Buxton 15 Jun 2009 © C21 Media 2009 
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