BBC Worldwide published its 2012/13 financial report, indicating that the company had another solid year despite a challenging global economic environment, and that it would continue to invest, commercialize and showcase the content of BBC around the world.In the 12 months ending on March 31st, 2013, the company had a 1% growth in profits, reaching £156 million. Profits before taxes, excluding profits and losses due to divestments, totaled £125 million a 21% increase. Company revenues grew 3% for a total £1.11 billion.BBC Worldwide seeks to support BBCs public service mission and maximize its profits. This year, BBC Worldwide contributed £156 million to BBC. Returns fell 28% versus 2011/12. Nonetheless, last years profits included a special dividend of £73 million related to the sale of BBC Magazines. Excluding this dividend, the 2012/13 returns grew by 9%.BBC Worldwides 34 international channels continued to generate revenue through the launch of new operations, growing distribution, and higher advertising sales. The sale and distribution of content also continued to be an important source of revenue, surpassing for the first time the £300 million mark.2013/14 will be a year of transformation for the company, with a change in strategic focus that seeks to maximize emerging market opportunities and new technologies, said Tim Davie, CEO of BBC Worldwide and Director of BBCs Global Services.
