MUMBAI: Crest Animation Studios Limited
(CASL) has reinforced its turnaround performance for the second quarter
ended September 2004, having come back into the black in the first
quarter of the current fiscal.
During the last quarter, the company has registered a net Profit of
Rs 5.5 million as against a loss of Rs 11.2 million for the corresponding
quarter of the previous year.
The company registered a 74 per cent jump in total
income at Rs 71.3 million as compared to Rs 41.1 million for the second
quarter of the previous year. Operating profit margin has surged to
38.06 per cent during the September ended quarter, from 15.28 per
cent in the corresponding quarter of the previous year. Profit before
interest depreciation and tax has shot up to Rs 26.9 million as against
Rs 5.71 million during the same period.
For the first half of the
current fiscal, the company's total income stood at Rs 140.1 million,
up by 64 per cent from Rs 85.4 million a year ago.
