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E1 posts profits

E1 has posted its preliminary results for the fiscal year ending March 31, and the numbers will be reassuring for a buffeted industry looking for a bellwether.
May 26, 2010

E1 has posted its preliminary results for the fiscal year ending March 31, and the numbers will be reassuring for a buffeted industry looking for a bellwether. The company reports revenues jumped 30% to US$709.8 million, year-over-year. Reported profits before tax sit at US$11.0 million, comparing favorably against 2009′s losses of US$49.5 million. Adjusted net debt was down US$27.3 million to US$101.0 million. Finally, EBITDA was up 36% at US$54.8 million. Entertainment 1 is riding the results of a busy year, with 123 films released theatrically (including the second installment of the Twilight SagaNew Moon), and 213 half hours of television (including network pick-ups The Bridge and Rookie Blue). The company also expanded into Australia, France and New Zealand in 2009.

About The Author
Andrew Jeffrey joined Realscreen in 2021 as its news editor. Here, he helps to oversee assignment, reporting and editing for Realscreen's daily newsletter. Prior to his work covering documentary and non-fiction film and TV, he worked as a reporter and associate producer for CBC Edmonton, and as a reporter for The Star Calgary, where he covered daily news on beats such as local and provincial politics, health care and harm reduction, sports and education. His work has appeared in other Canadian news outlets such as TVO, the Edmonton Journal and Avenue Magazine.

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