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Channel 5 expects the highest profit since the start of the station for the past year almost a quarter of a century ago, driven by a TV advertising boom behind the lockdown hits.

The public broadcaster that controlled by MTV owner ViacomCBS, said when the results for 2021 were officially announced that it was likely to make a record operating profit.

This means Channel 5 believes he made more than £ 60million last year as the station’s most lucrative year before was 2016, when it reported an operating profit of £ 58.3million, according to Companies House.

The station to whose previous owners the German media group RTL and Richard Desmonds Northern & Shell, has managed to post an annual profit in just nine of the 24 years since it was founded in 1997.

Channel 5 revealed its 2021 forecast in its financial records, showing an operating loss of $ 7 million.

The company said the challenging conditions were at the height of the pandemic in 2020 one Record year for the entire UK TV advertising market last year, with sales up 23% to £ 4.6 billion, up on 2019 levels.

It is the strong performance of a number of shows in 2020 like Our Yorkshire Farm, Channel 5’s highest rated factual program, and the revival of All Creatures Great and Small most powerful program since 2016, as well as dramas like The Deceived, have seen their share of all British television viewers rise to its highest level since 2014.

Strong television performance in 2020, which included prime-time viewership up 17% and the largest ABC1 audience since 2008, paved the way for record-breaking deals with advertisers as the UK TV market rebounded sharply last year.