BBC Worldwide Ltd, the BBC’s magazines and commercial division, has reported operating profits up 36.5 per cent to £145.2m on turnover up seven per cent to £1074m.

Reporting results for the year to the end of March, BBC Worldwide said that with dividends it returned more £151.1m to the BBC for the year.

Chief executive John Smith said: “Today’s figures, with profits up by 36.5 per cent, demonstrate that our strategy is working. As well as developing into a diversified global media business and extending the international visibility of the BBC brand, the company is delivering a strong financial performance.

“BBC Worldwide continues to give consumers around the world more and more content from the BBC and other British production companies. This allows us to re-invest in more great content and return more cash to our parent organisation, the BBC.”

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