Prime Focus reports net profit of Rs 51 million for Q2 2008

MUMBAI: Prime Focus has posted a net profit of Rs 51.40 million (Rs 5.14 crores) for the quarter ended 30 September.

Consolidated revenue for the quarter were Rs 892.50 million (Rs 89.25 crores), a growth of 52.70 per cent over the corresponding quarter of the previous year. Profit before depreciation, Interest and Tax (including other income) for the quarter was Rs 219.20 million (Rs 21.92 crores), a growth of 10.71% over the corresponding quarter of the previous year.

The company has reported total revenues of Rs 1.74 billion (Rs 174.19 crores) for the half year ended September 30, which has grown by 50.45 per cent to over the corresponding period of the previous year.

Profit before depreciation, Interest and Tax (including other income) for the half year was Rs 439.30 million (Rs 43.93 crores), a growth of 9.33 per cent over the corresponding half year of the previous year. The company’s PAT was Rs 159.30 million (Rs 15.93 crores) for the half year period ended September 30, 2008.

Prime Focus managing director Namit Malhotra said, "We are happy that our continuing strategy to provide the ever-growing Indian media and entertainment industry with ready access to international quality work is proving fruitful. Our industry-leading service offering has captured the imagination of feature film and commercials directors, both in India and internationally, and this has allowed us to carve ourselves a unique niche in the international entertainment landscape."

"With advancements in technology and increasing consumer demand for quality entertainment, the Indian media and entertainment industry is now competing on a global stage. Prime Focus will continue to deliver unmatched service and value to our clients in India and around the world, and will constantly strive to reach new heights," he added.

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