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eOne reports 30% revenue increase

eOne has released its interim results for the six months ending September 30, indicating revenue growth of 30% to CDN$345 million.
November 17, 2010

eOne has released its interim results for the six months ending September 30, indicating revenue growth of 30% to CDN$345 million. (All figures converted from pounds sterling.) The company reports EBITDA up 34% to $20 million, and adjusted profit before tax up 166% to $12 million. eOne also reported loss before tax was reduced to $4 million (against a 2009 loss of $13 million), which includes a one-time $3 million loss associated with the company’s move to the Main Market of the London Stock Exchange as well as corporate reorganization. Cash flow sits at $50 million, versus 2009′s $46 million.
‘We are delighted with the progress made in the first half,’ commented CEO Darren Throop, who added that ‘it is particularly pleasing to see the success of our television business, which has enjoyed excellent viewing figures in North America for our new network shows.’
From Playback Daily

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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