Germany's Intertainment has reported an 848% increase in revenues to $64.5m (DM134.4m) for the first half of 2000, while pre-tax profit improved 949% to $30.5m (DM63.6m).

The company said the rapid rise was partly due to its recent move into selling film and TV rights for the whole of Europe rather than just Germany. Intertainment has a string of output deals with national distributors and arrangements with Warner Bros and Fox for European theatrical and video and pay-TV rights.

Intertainment stock, which reached a 52-week low at Euros54.01 last week, rebounded to Euros66.50, a 20% increase, on the announcement of its results.