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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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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