Ten Alps, the factual indie owned by Bob Geldof, has recorded a pre-tax profit of £3.3m for the financial year to 31 March - an increase of 5%.

Unveiling its financial results today, chief executive Alex Connock said it was a testament to the company’s performance that the only thing greatly affected in the recession had been Ten Alp’s share price, which has fallen from a high of 58.5p last year to 18p in March. At 1pm today (June 15) it was trading at 26.85p a share.

“When the recession hit, a lot of people thought shares in all media companies were going to hell. But we have a strong programming slate of high end factual television and by sticking to our guns we are doing really well,” he said.

Revenue was down 1.5% for the year at the company, falling from £81.4m to £80.2m. But EBITDA was up 9.3%, from £5.4m in 2008 to £5.9m, and the cash balance rose to 13.1m, up 18%.

Connock said that the company would continue moving its content online to a single online database, and was looking to launch two new online TV channels – science based Newton TV and Accountancy TV in the autumn.

The company owns production companies including Brook Lapping, Below the Radar, Blakeway and Films of Record. It also plays a major role in Teachers TV, which also has over 3,000 programmes online.

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