In its financial results for the 12-month period to June 30, 2012, Sydney-headquartered producer-distributor Beyond International has reported a 66% increase in net profit, and a 10% increase in revenue.
Net profit for 2012 came in at AUD$8,463,000 (or approximately US$8.8 million) compared to $5,099,000 for the 2011 financial year. Revenue for the year increased from $82,242,000 to $90,371,000.
For the company’s divisions, television production revenue increased by 7%, to $41,178,000, from $38,416,000 in 2011. For the 2012 financial year, 50% of total segment revenues were transacted in U.S. dollars. New commissions from American broadcasters included Deadly Women series 6, Monster Bug Wars series 2 and Behind Mansion Walls series 2. Season 9 of MythBusters also commenced production in this period.
Revenue for the TV and film distribution segment increased by 21%, from $15,298,000 in 2011, to $18,455,000 for 2012. The company says the increase in revenue for Beyond Distribution stems from higher sales in the Australian and euro zone markets, and stable sales in the remaining markets. The rise for sales in Australia is a reflection of the growth of free to air digital channels and new Pay TV channels, says Beyond.
Revenue for the home entertainment division, BHE, decreased by 2% to $27,781,000, down from $28,429,000 in 2011. The company says the decrease stems from “difficult retail trading conditions coupled with the overall physical DVD market contracting 12% during the period under review.”
Beyond International’s digital marketing division, Beyond D, was established in April of this year and contributed $3,213,000 of revenue and $176,000 EBITDA to the group.
For its outlook, the company says the television production and TV and film distribution segments are planning for single digit growth for the 2013 financial year, keeping in mind the high level of the Australian dollar and the depressed media market.