MUMBAI: Prime Focus has reported profit after tax (PAT) of Rs 58.70 million (Rs 5.87 crores) for the quarter ended 31 December. The revenue for the quarter was Rs 220.30 million (Rs 22.03 crores), a growth of 48.4 per cent over the corresponding quarter of the previous year.
Profit before depreciation, Interest and Tax (including other income) for the quarter was Rs 137.70 million (Rs 13.77 crores), a growth of 27.6 per cent over the corresponding quarter of the previous year.
Prime Focus managing director Namit Malhotra said, “With our recent acquisitions of Frantic Films and Post Logic Studios, the Prime Focus Group now has strategic positioning in the world’s largest entertainment markets viz.
During the quarter Prime Focus acquired Post Logic Studios (with offices in
The company also announced the launch of up to $ 55 million unsubordinated unsecured foreign currency convertible bonds due 2012. The Bonds will be convertible into ordinary shares of the company, quoted in Indian Rupees and listed on the Bombay Stock Exchange and the National Stock Exchange.
Prime Focus also completed post production work on films like Saawariya, Om Shanti Om and Welcome amongst others. It also executed the post production and visual effects work on television commercials like Lenovo, Hero Hondo Hunk, Tata AIG, Bajaj Avenger, Skoda Fabia and Ford Fiesta.