LONDON - BBC Worldwide, the main commercial arm of the UK's publicly funded broadcaster, has posted record yearly profits of £89.4 million ($162m; €129.3m).

The company has recorded net revenues up 62% for the year 2005/6 with sales up 11% to £784.4 million.

Its assets include the UKTV channels, in its joint venture with Flextech, and its DVD and magazine publishing arms.