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Mumbai:
DQ Entertainment (International) Ltd, a Hyderabad-based animation
and distribution company, has narrowed its net loss in the
first quarter ended 30 June 2012, helped by a 238 per cent
rise in other income.
The
company’s net loss in the first quarter was Rs 90.88
million, 32 per cent lower than the net loss of Rs 135.35
a year earlier, as its other income was higher at Rs 70.22
million against Rs 20.76 a year earlier.
Its
net income from operations rose 10 per cent to Rs 309.31 million
during the quarter from Rs 279.62 million a year earlier.
DQ
Entertainment’s total expenses were up six per cent to
Rs 425 million during the first quarter, largely on account
of a 170 per cent increase in production expenses to Rs 44.95
million from Rs 16.61 million.
Explaining
the cause of the loss in the first quarter every year, the
company said its revenue trend has a clear seasonal pattern
akin to the global animation industry. As per the revenue
trends, more than 60 per cent of the deliveries happen during
the second half of the year and maximum of the revenue is
booked in the last four months of the financial year.
It
further said the first quarter of the year is always subdued
with revenue recording only about 10-20 per cent of the total
annual revenue, while the expenses are booked evenly during
the entire year.
DQ
Entertainment CMD & CEO Tapaas Chakravarti said, “Having
established our prowess in the world of kids’ entertainment
globally, we now aim to capitalise on our skills and technological
resources to produce high quality content for television and
feature films.
DQ
Entertainment has recently completed production of Keymon
TV feature with Nickelodeon in India, Omkar III with Turner
Group and Cartoon Network and J&J Season 3 special for
Kelly Parks Studios.
The
company has been commissioned to produce several other programmes
including Robinhood, Mischief in Sherwood with Method Animation,
TF1, ATV-Turkey, De Agostini and ZDF-Germany, Keymon Season
2 TV series with Nickelodeon India and Little Prince Season
3 with Method Animation, France.
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