Television New Zealand (TVNZ) has posted a statutory profit of $16.3 million in the year to June, although the result was largely due to a $34.9 million positive non-cash impairment adjustment.

The state broadcaster has been bolstered by positive non-cash impairments of $34.9m.

Television New Zealand (TVNZ) has posted a statutory profit of $16.3 million in the year to June, although the result was largely due to a $34.9 million positive non-cash…