Flextech Optimistic Despite Losses

Flextech, the fast expanding broadcasting group with a 20% stake in HTV, as well as various cable interests, has released interim results for the six months ending June 30. Pre-tax losses were £9.02m compared to a loss of £3.2m last year.

However, the board said that despite the losses, with secure distribution contracts in place, the group is well placed to benefit from the continued expansion in its broad market and looks forward to the future with confidence. Flextech has just won a deal with Hallmark to make 42 films.