DCD Media has released its half year results, for the six months that ended on December 31, 2008. DCD Media’s production division, which includes Prospect Pictures, September Films and West Park Pictures, and its distribution division of DCD Rights, DCD Publishing and Digital Classics, has led to a gross profit margin increase up to 27% in the last half of 2008, up from 21% in the first half of 2008. The report also reveals revenues of £15.6m, which is a decrease from H1 2008′s £22.3m revenues. The report states that the decrease is a result of not renewing low-margin, labor-intensive production. Debt was reduced at DCD Media, with a total debt down to £5.9m from £9.9m at the first half of 2008. In the operational side of the results, DCD Media has succeeded at international diversification, particularly in the U.S., and had growth in non-broadcaster funded productions. The entire report can be found at londonstockexchange.com.
- RS West ’18