UFO Moviez board recommends 125% dividend for fiscal 2018


BENGALURU: The board of directors of Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) has mooted a dividend of Rs 12.50 (125 per cent) per equity share of face value of Rs 10 each subject to shareholder approval for the year ended 31 March 2018 (FY 2018, year or fiscal under review). UFO says that this dividend including dividend distribution tax translates to 68 per cent of its FY 2018 consolidated PAT.

UFO reported almost flat (up 0.8 per cent) consolidated PAT for FY 2018 at Rs 60.64 crore as compared to Rs 60.13 crore in the previous fiscal. Total comprehensive income or TCI for the fiscal under review increased 3.2 per cent to Rs 60.35 crore from Rs 58.50 crore in FY 2017. Simple EBITDA including other income for FY 2018 declined 7.5 per cent to Rs 172.93 crore (29 per cent of total revenue) from Rs 186.89 crore (31.1 per cent of total revenue) in the previous year.

UFO’s operating revenue in the fiscal under review was almost flat (reduced 0.8 per cent) at Rs 594.03 crore as compared to Rs 598.95 crore in FY 2017. Total revenue declined 0.6 per cent in FY 2018 to Rs 596.96 crore from Rs 600.65 crore in FY 2017. In its earnings press release, UFO says that advertisement revenue grew by 19.3 per cent to Rs 213.6 crore (In FY 2017 it was Rs 179 crore) million. Average advertisement minutes sold per show per screen grew to 5.19 per cent (FY 2017 – 4.34) minutes during FY 2018.

Total expenditure in FY 2018 increased 2.5 per cent to Rs 424.03 crore from Rs 413.76 crore in the previous year. Purchase of digitalcinema and lamps in the year under review was flat at Rs 67.56 crore as compared to R 67.57 crore in FY 2017. Ad revenue share expense in FY 2018 increased 26 per cent to Rs 65 crore from Rs 51.58 crore in the previous fiscal. Virtual print fees sharing expense in FY 2018 reduced 28 per cent to Rs 52.36 crore from Rs 72.72 crore in FY 2017. Other operating direct costs in FY 2018 increased 2.4 per cent to Rs 55.22 crore from Rs 53.40 crore in FY 2017. Employee benefit expense in FY 2018 increased 3.2 per cent to Rs 83.70 crore from Rs 81.12 crore in FY 2017. Other expenses in the year under review increased 11.3 per cent to Rs 94.81 crore from Rs 85.15 crore in FY 2017.

Company speak:

“UFO ended fiscal 2018 on a strong note by delivering robust advertisement revenues,” said UFO founder and managing director Sanjay Gaikwad. “Growing advertisement contribution to overall profitability minimised the impact of planned reduction in D-Cinema VPF revenue. Additionally, the Scheme of Arrangement and Amalgamation between UFO and Qube is progressing as per schedule and is currently awaiting requisite approvals from regulatory bodies. We are extremely excited about the future of the merged entity and the opportunities across in-cinema advertising. Also, the board recommended an enhanced dividend of Rs 12.5 per equity share in fiscal 2018. This marks the third consecutive dividend in line with UFO’s shareholder value creation philosophy. Going forward, we will continue to achieve our goals and are confident of delivering long term sustainable growth and shareholder value creation.”

Latest Reads

Josh and SVF Entertainment enter strategic alliance

Mumbai: Short video app Josh has inked a strategic partnership with East Indian media and entertainment company SVF. The collaboration paves the way for the creation of short video content from Bengali influencers and celebrities on the Josh app, said the statement.

iWorld Over The Top Services
Chicken Soup for the Soul Entertainment acquires Locomotive Global

Mumbai: Chicken Soup for the Soul Entertainment which operates streaming advertising-supported video-on-demand (AVOD) networks has acquired a majority stake in Locomotive Global Inc. The homegrown production company is currently producing and developing some original productions including an...

iWorld Over The Top Services
ShortsTV is now on Amazon Prime Video channels in India

ShortsTV- 24x7 linear and OTT channel dedicated to short-form content has announced a partnership with Amazon to launch ShortsTV on Amazon Prime Video channels in India.

iWorld Over The Top Services
This Diwali, Amazon Prime urges viewers to log out and spend time with family

Mumbai: Amazon Prime Video has launched a unique campaign to celebrate the festive season, urging its customers & fans to reconnect with their loved ones. In a year that saw people turning to streaming platforms like Prime Video as their preferred entertainment destination, the campaign urges...

iWorld e-commerce
Broadcasters exploiting NTO 2.0 provisions for a-la-carte pricing: Trai

Mumbai: The Telecom Regulatory Authority of India (Trai) on Friday said that some broadcasters are exploiting the freedom given for al-a-carte pricing of TV channels and warned that it will keep a strict watch on the industry and not shy away from acting in the larger interest of consumers and the...

iWorld Telecom
GUEST COLUMN: Mobile marketing in the OTT landscape: Big opportunity for digital marketers

Mumbai: The rise in both viewership and engagement of over-the-top (OTT) has opened up a world of possibilities for marketers looking for new and better ways to reach their consumers sitting in the comfort of their homes. Recent reports estimate that the OTT segment will grow to approximately $...

iWorld Over The Top Services
Koo rolls out multi-lingual campaign ahead of T20 World Cup

Mumbai: Multi-lingual micro-blogging platform Koo has announced its new campaign #SabseBadaStadium for the upcoming T20 World Cup 2021. Through this campaign, Koo aims to provide an immersive and hyperlocal World Cup experience across a gamut of native Indian languages.

iWorld Over The Top Services
discovery+ delves into FIFA World Cup scandal in new documentary

Mumbai: Discovery on Friday announced the commission of "The Men Who Sold the World Cup," a compelling two-part film from critically acclaimed directors Daniel DiMauro and Morgan Pehme ("Get Me Roger Stone," "The Swamp"). The film is based on the definitive story of how football’s biggest...

iWorld Over The Top Services
Dream11's new campaign for T20 World Cup urges fans to #DreamBig

Fantasy sports platform Dream11 has unveiled its new brand campaign #DreamBig for the ICC Men’s T20 World Cup 2021. Conceptualised and executed by Tilt Brand Solutions and Rehab Films, the campaign films bring to life inspiring.

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories

* indicates required