Prime Focus FY?12 net up 30.4% to Rs 992.5 mn

Prime Focus FY?12 net up 30.4% to Rs 992.5 mn

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MUMBAI: Prime Focus Limited has posted a consolidated net profit of Rs 992.5 million for the fiscal ended 31 March 2012, a 30.4 per cent jump compared to Rs 760.9 million a year ago.

The company?s net income jumped 53.5 per cent to Rs 7.72 billion during the fiscal, compared to the Rs 5.03 billion that the company posted in FY?11.

Prime Focus? Ebitda also went up 24.9 per cent to Rs 588.2 million, compared to Rs 470.8 million in the year-ago period.

Prime Focus MD & CEO Ramki Sankaranarayanan said, ?Our strategy on 3D is continuing to work, with the unparalleled success of the theatrical release of the new and old 3D titles worldwide. Whether it is Star Wars, Avengers, Wrath of the Titans, Immortals, Titanic or Men in Black 3, all have significant collections worldwide, putting the rest to argument whether theatrical 3D is viable business or not. Noteworthy, is the success of the 3D release of the library titles? with our market dominant position, bodes very well for the growth momentum in the next year as well.?

?Our VFX business has also witnessed growth as we leverage our strong relationships with Hollywood studios to increase our share in the $5 billion market. We continue to invest to grow the global digital pipeline across Vancouver, London, Hollywood and Indian VFX content creation studios, bringing in clients the best mix of talent, scale and technology, delivering projects, like Men In Black 3, Immortals, or the currently ongoing Dredd.?

PFL is a global visual entertainment services group that provides creative and technical services to the film, broadcast, and advertising market.

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