StockMarketWire.com - Entertainment One posts adjusted pre-tax profits of GBP104.1m for the year to the end of March - 17% up on last time.

Reported pre-tax profits were up 9% at GBP47.9m.

Revenues increased 2% to GBP802.7m with underlying EBITDA up 20% at GBP129.1m.

Chief executive Darren Throop said: "eOne has delivered solid financial results at the Group level, driven by strong organic growth in Television and Family, and the impact of acquisitions completed during the year, despite weakness in the Film Division continuing into the second half. The benefit of the Group's diversified model is apparent with growth in Television and Family providing a greater balance to the Group's portfolio, enhancing the mix of eOne's revenues towards higher margin activities and protecting the bottom line against the cyclical film market.

"The Group's model to source, select and sell high quality content continues to be at the centre of our strategy and is at the foundation of the Group's achievements in the year. We have continued to build relationships with world-class content producers through our investment in Amblin Partners with Steven Spielberg and our acquisition of Renegade 83. We continue to select the best content to exploit across our global network and expect our film and television slate for the next financial year to be particularly strong. At the same time, we continue to deliver sales across the world through long-standing local relationships in our own territories and through our global international sales network, which has been enhanced through the investment in Sierra Pictures."




At 9:32am: [LON:ETO] Entertainment One Group share price was +0.35p at 180.45p



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