Simon Cowell

Mr Nasty's huge profit

Updated 13.49 Sat Jul 14 2007

Simon Cowell's company has announced a profit of £9 million before tax.

Simco is the company behind all of his TV formats, including X Factor.

Simco could be hit by the recent phone line scandal surrounding TV voting

The profit is more than double the amount the company made two years ago.

That increase is mainly due to the success he had with American Idol and his five-year deal with Fox.

But Simco could be hit by the recent phone line scandal surrounding TV voting.

The company has predicted that fewer people will ring premium rate lines next year to vote on shows.

© Independent Television News Limited 2007. All rights reserved.