MediaHouse, which last week reported a loss for its 2005 financial year, said it made a profit of 84 cents per share for the first six months of 2006.

Releasing the results just two days after it released its full year results, Media House, which owns the Island Press, the Bermuda Sun, Bermuda.com and telephone directory businesses in the Caribbean, said its sale of a subsidiary in Maine had reduced its expenses while other subsidiaries' performances had improved.

Media House, formerly Island Press (Holdings) Ltd., did not release its balance sheet or a profit and loss statement with either directors' report, but the Bermuda Sun said on Friday that it made a net profit of $416,163 in the first half of the year compared to a profit of $232,133 in the same period in 2005.

For the full 2005 year, MediaHouse lost an estimated $500,000 compared to a profit of around $113,000 in 2004. The company disclosed to the Bermuda Sun, which it owns, that it made a "pre-tax" profit of $148,816, but did not disclose its net loss.

Media House president and chief executive Randy French said the company's Caribbean Publishing Company ? on which it is pinning its hopes for expansion ? was performing well while Bermuda.com, which it bought in April, 2004 was being enhanced.

As of December, 2005, MediaHouse was carrying a mortgage of $7.1 million after increasing its borrowing by around $3.8 million to finance its Caribbean expansion and the purchase of Bermuda.com.

Last week's reports did not indicate to what extent the debts had been reduced.