For the second year in a row interim profit before tax fell at the holder of the ITV franchise for the Channel Islands. This time profits dropped £148,000 to £447,000. New chairman Tom Scott had warned that this was likely at the AGM because of restructuring costs and last time's £140,000 exceptional credit from the sale of rights to a children's TV programme. However, turnover also went down, by £60,000 to £5.75m in the six months to the end of September. The company now expects full year profit to be below last year's £1.01m. The production side of the business had a particularly poor period, with no major programme commissions. Despite these troubles, the 1.3p interim dividend was maintained.