Constantin turnover up 23%
Distributor Constantin Film achieved a 23% increase in turnover last year as 1999 revenues climbed from $50m (DM102m) to $61.7m (DM126m). Earnings before interest and tax (EBIT) - although negative at a loss of $4.6m (DM9.4m) - were $1.01m (DM2.2m) better than forecast at the time of its flotation last year. Constantin said that indicative results for the first three months of the current year show turnover of $40.7m (DM83m) and EBIT of $4.3m (DM8.8m).
Senator reports 400% profit increase
Distributor Senator said that annual profits were up 400% last year on turnover that nearly tripled. Sales revenue climbed from $21.4m (DM43.6m) to $60.2m (DM123m). EBIT rose from $2.4m (DM5m) to $5.9m (DM12m). Net after tax profits soared by 416% from $1.02m (DM2.08m) to $5.3m (DM10.8m).
Senator chairman Hanno Huth said: "Our growth rates and primarily our increase in profits are the result of our purposeful expansion strategy which has been realised with creativity and the necessary know-how. Further investments and acquisitions are planned this year which will enable us in a short space of time to pursue the path to becoming a fully integrated media group, active worldwide. Besides increasing international productions and co-productions, we are planning to expand our activities into the music and new media markets."
The company upped its forecasts for 2001, raising the turnover target from $119.5m (DM244m) to $188.6m (DM385m).
Helkon turnover increases 52%
Distributor and rights trader Helkon Media saw turnover in the six months to 31 January rise 52.5% to $15.7m (DM32.0m) compared to $10.3m (DM21.0m) in the same period last year. Earnings nearly tripled, rising from $233,140 (DM476,000) to $0.71m (DM1.44m).
Cinemedia enjoys most successful year
Production, post-production and licensing company Cinemedia, which floated in February 1999, enjoyed the most successful year in its history. Consolidated net sales increased by 38% to $65.8m (DM134.4m), compared to $47.7m (DM97.4m) in 1998, while consolidated pre-tax income improved by 120% to $1.62m (DM3.3m), compared to $0.73m (DM1.5m) in 1998. Earnings per share reached DM0.60 (1998: DM 0.13), compared with its forecast of DM0.58, increased in the autumn.