Highlight Communications' takeover of Germany's Constantin Film has had mixed results, according to the Swiss media concern's nine-month figures.
On the one hand, profits dropped. Highlight reported a 41% contraction in operating profit to $11.3m (CHF 14.7m) due to the net loss contributed by Constantin.
Revenues, however grew. Following the takeover of Constantin, the group's revenues increased 52% to $135m (CHF 175.7m)
Highlight currently holds a 57.98% stake in the German producer-distributor Constantin.
Highlight predicted that all of the Group's divisions including Constantin Film were expected to make a "distinctly positive contribution" to earnings in the forthcoming financial year.
It also noted that the loss sustained by Constantin Film AG this year and its impact on the Highlight Group would leave "only mild traces on consolidated accounts as the price paid for the stake in Constantin Film AG was lower than the value of the equity carried."