MUMBAI: Adlabs Films Limited, a member of the Reliance Anil Dhirubhai Ambani Group, has announced audited results for the year ended 31 March 2008. The results are for nine months.

The company posted consolidated revenues of Rs 3.65 billion and a net profit of Rs 470 million. Adlab's EBIDTA stood at Rs 770 million.

The cinema division has posted a 86 per cent growth at Rs 1.27 billion on an annualized basis. Adlabs opened up 166 screens last year.

The content production and distribution business at Rs 1.43 billion this year saw a total income growth of 50 per cent on an annualized basis.

The film processing and allied services revenue at Rs 670 million has recorded a 16 per cent increase over the previous year on annualized basis.

Adlabs Films chief financial officer Venkat Devarajan said, “We see a strong year ahead buoyed by several big releases in the forthcoming quarters such as Sarkar Raj, Love Story 2050, Singh is Kinng and more. Our exhibition division is in a major growth phase with the setting up of chains in the US and Malaysia, as well as the continuation of our expansion within India. The state-of-the-art digital post production facility will provide a significant value addition to our processing lab services.”