MediaHouse, formerly Island Press, has posted a profit of $157,321 or 23 cents per share for the year-ended September 30, 2004 in a year of ?significant challenges?.

MediaHouse, the parent company of The Bermuda Sun and of subsidiary Vanilla Ltd., which it formed to acquire Bermuda.com and The Tourist Box.

Randy French, chairman and chief executive officer said in a letter to shareholders that the acquisitions brought positive cash flow while expanding the Group?s interests in Bermuda to include electronic media.

Mr. French also reported that work previously done to strengthen Caribbean Publishing Company Ltd. (CPC) is showing success with CPC making a substantial contribution to Group profits in the fiscal year.

MediaHouse delayed reporting its results until now after Hurricane Ivan wrote off the company?s operations in Cayman last September.

?Your board continues to actively search for new opportunities for both the Group?s Bermuda subsidiaries and its directory publishing business in the Caribbean, with a view to stimulating growth and building shareholder value,? Mr. French said.