MediaHouse Limited is weathering the economic storm, producing profits consistent with the previous year. After tax and ­interest, the ­company made ­$3.4 million in the six-month ­period ending March 31, 2009.

Randy French, MediaHouse ­president and chief executive officer, said: "During this period, the global ­economic recession has dominated the economy. Although there have been many negative influences associated with the ­downturn and the ­company's results are down from the prior year, MHL's results for the opening six months of fiscal 2009 ­remain positive.

"MHL has aggressively worked to maintain its ­revenue targets while ­controlling its expenses."

MediaHouse, which is the parent company of the Bermuda Sun, enjoyed ­profits of $3.93 million for the first six-month period of the previous fiscal year.

The company's profits are front-loaded, with more revenue from its phone ­directory business falling within the first six-months of the year.

The board of directors declared a dividend of $0.50 per common share to be paid to shareholders of record as of April 14, 2009.

Mr. French said: "This ­decision reflects the board's optimistic outlook toward the company's future.

"During this period of economic downturn, the board and management ­remain optimistic and they are encouraged by the ­company's success."

He added that MediaHouse was exploring "new business development ­opportunities both in print and online".