StockMarketWire.com - Film and TV rights firm Entertainment One reported March 2018 revenue at £1.045bn, slightly down on 2017's £1.083bn, with strong growth in Family & Brands and Television offset by lower performance in Film.

Family & Brands generated $2.4bn in retail sales in the year, an increase of 60%, driven by rapid success of PJ Masks and the ongoing success of Peppa Pig.

Group adjusted profit before tax was up 11% at £144m, adjusted diluted earnings per share was up 10% at 21.9p per share. Net debt leverage came in at 1.8x which is less than 2.0x as previously guided, while the full year dividend was increased from 1.3p to 1.4p.

Chief executive Darren Throop said: 'It has been a strong year for the Group, as we combined our Film and Television operations into the Film, Television and Digital Division for FY19, completed the acquisition of the remaining stake in The Mark Gordon Company and continued the reshaping of our Film business.

'All of these initiatives sharpen our operational focus and facilitate success in today's evolving entertainment market.'

At 8:47am: [LON:ETO] Entertainment One Group share price was -0.5p at 288.5p



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