Lovely & Amazing results for Lions Gate
Driven by a 53% margin in its motion picture business, Lions Gate Entertainment (LGE) has reported a 30% increase in second quarter revenue over the same period last year, from $59.7m to $77.8m. Six-month figures were better still, with revenues up 64% from $104.9m in 2001 to $172.1m this year. The company continues to pay down its debt ; yesterday it announced a transaction involving the sale of its 45% equity interest in Mandalay Pictures from which it expects to generate $7.5m.
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