TVNZ earned $18.1 million in the year to June, a 25 percent increase in its net profit after tax compared with the previous year.
The company says this result met its target.
The state-owned broadcaster said underlying earnings increased by a more modest 7.5 percent, which was affected by the sale of property, plant and equipment.
TVNZ said growth in digital media was the standout performer with revenue from TVNZ Ondemand rising 78 percent.
Advertising revenue was up 30 percent.
KiwiRail has reported an increased loss. The state-owned rail operator lost $248 million in the year to the end of June - $73 million more than the previous year. Audio
New Zealand Post has reported a lower full year profit. The postal operator made a net profit of $107 million in the year to the end of June, a decrease of 12 percent.
Air New Zealand expects to lift profit again this year after establishing what its chief executive calls a "virtuous circle" of growing passenger numbers and good cost control. Audio
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