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International Pentamedia Graphics reports 49 per cent fall in net profit

Pentamedia Graphics reports 49 per cent fall in net profit

Author | NULL | Monday, Jan 01,1900 8:47 AM

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Pentamedia Graphics reports 49 per cent fall in net profit

Pentamedia Graphics has reported a 49 per cent fall in net profit to Rs 13.05 crore for the second quarter ended September 2001, as against Rs 25.80 crore during the corresponding period last year. Total sales and services dipped by 26 per cent to Rs 99.80 crore. The company has reported net profit of Rs 31.06 crore on a total sales of Rs 168.81.

According to the industry sources Pentamedia will now get involved into doing co-productions, explore strategic tie-ups with studios and broadcasters.

According to Mr. G V Babu, the chief operating officer and director, Pentamedia, the coming year is expected to be promising and the company is well poised to do over 450 minutes of animation and own 180 minutes of it.

Pentamedia’s total expenditure stood at Rs 72.69 core. Other income stood at Rs 11.24 crore. About Rs 15 crore provision has been made under the head for any liabilities arising out of the e-commerce activities of Num TV.

Animation accounted for 59 per cent of revenues, Num TV 21 per cent and multimedia chipped in the rest.

For the half year ended September 2001, the company has reported a total sales of Rs 257.89 crore and net profit of Rs 54.80.

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