Randy French, president and CEO of MediaHouse
Randy French, president and CEO of MediaHouse

MediaHouse Limited has reported a profit of $2.9 million for the six-month period ending March 31.

This is down nearly $500,000 from the same six-month period in 2008/09.

The company paid $559,000 more in taxes in the past six months than during the previous year. Firms that come under the MediaHouse umbrella include the Bermuda Sun, bermuda.com, Island Press, Global Directories, Caribbean Publishing Company, bermuda.com guide and bermuda.com to-go.

Randy French, president and CEO of MediaHouse, said: “The economic down- turn continues to place downward pressure on company sales.

“It is felt a Caribbean economic recovery will lag any recovery seen in North American markets.”

Sales were down $200,000 — from $29.3 million to $29.1 million.

MediaHouse declared a 50 cents dividend to share- holders of record on February 19.

The dividend was paid on March 8.

As previously announced, the company will be delisting from the Bermuda Stock Exchange as of July 12. The last day MediaHouse shares will be traded is July 6.