- Entertainment One's adjusted pre-tax profits rose by 53% to £36m in the six months to the end of September.

Reported pre-tax profits of £0.8m compared with a £2.5m loss last time.

Group reported revenue was stable at £396 million (2016: £401 million), with strong growth in Family and Television offsetting lower performance in Film.

Group reported underlying EBITDA rose 36% to £51m, driven by revenue growth in Family and Television and lower costs in Film.

Chief executive Darren Throop said: 'We are pleased to be able to report very robust first half performance which includes strong growth in the Family Division, strong performance in the wider Television Division, including The Mark Gordon Company, and lower operating costs and improved gross margins in Film which have driven strong growth in Group underlying EBITDA.

'The Group's strategy to invest in content continues to bear fruit and the entertainment market's focus on quality content plays to Entertainment One's strengths ensuring that the Group is ideally positioned for the future, as illustrated by the increase in the underlying library valuation from US$1.5 billion to US$1.7 billion at 31 March 2017.

'The period ahead is an exciting one. The Television business has 82% of the full year's expected margin already committed or greenlit; the Family business is underpinned by exceptional performance from Peppa Pig and PJ Masks; and the Film Division continues to focus investment on new partnerships to reshape the business.

'As such, the Group remains on track to deliver full year financial performance in line with management expectations.'

At 9:18am: [LON:ETO] Entertainment One Group share price was +8.75p at 300.25p

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