|
MUMBAI:
Prime Focus Limited has posted a consolidated net profit
of Rs 262.9 million for tthe fiscal-third quarter ended
December 2011, which is 50.4 per cent higher compared
to the Rs 174.8 million the company posted in the same
quarter in the previous fiscal.
The
company’s consolidated income also rose 67.6 per
cent to Rs 2.13 billion for the third quarter compared
to the Rs 1.27 billion that the company posted in financial
year 2010 for the same quarter. Net income jumped to
Rs 612.7 million for the current quarter as opposed
to Rs 370.6 million in the previous fiscal for the same
period.
Prime Focus MD & CEO Ramki Sankaranarayanan said,
“I am pleased to report a good set of results based
on the continued strong performance of our 2D-3D conversion
business, which is growing rapidly on the back of superior
technology platform, View-DTM and service delivery to
Hollywood studios. Five of the 10 Oscar nominations
in the visual effects category this year are projects
we are proud to have contributed our services to, clearly
reflecting our global penetration in this space.
“Our
subsidiary Prime Focus Technologies (PFT) is in the
forefront of cloud computing driven execution of digital
processes in the media industry. As broadcasters and
content owners embrace HD TV, file-based workflows
and multi-platform delivery, new age standard operating
procedures and engagement models are emerging in managing
unified content operations. CLEARTM, our hybrid cloud
platform, on the back of the successes in India with
Star TV, Eros, Unilever, Balaji Telefilms and JWT,
now have global wins as well reflecting its potential
for the future."
PFL is a global visual entertainment services group
that provides creative and technical services to the
film, broadcast, and advertising market.
| 
