Lions Gate posts net loss despite revenue gains
Vancouver-based Lions Gate Entertainment is improving its performance but the company's investment in Mandalay Pictures continues to drag it down. According to financial results for the year ended March 31, 2000, the company posted a 129% increase in revenue, from $79.8m (C$118.3m) to $183m (C$271m), and a 110% increase in gross profit from $15.5m (C$23m) to $32.7m (C$48.4m). However, the bottom line saw a net loss, including the company's equity pick up of the non-cash operating loss ...
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