TVNZ has lifted its full year profit result by a half, due to taking greater market share and selling property.
Photo: Wikimedia Commons / Gabriel Pollard
The state-owned broadcaster made $28.1 million in the year to June, compared with $18.1 million in the previous year.
Revenue fell 3 percent to $350 million due to lower advertising sales - but costs fell by more, down 4 percent to $314 million, as it cut jobs, programming and marketing costs.
Looking ahead, TVNZ chief executive Kevin Kenrick said it would continue to focus on building market share and driving online growth.
TVNZ will pay a dividend of $8.3 million to the Government.