Gaumont announced net losses of $60.1m (FF437m) compared with a profit of $7.98m (FF58m) in 1999. The company blamed flops Les Visiteurs En Amerique and Vatel for its troubles. The reduced 1999 problems were attributed to a weak exhibition market. Turnover in 2000 amounted to $214m (FF1.56bn) compared with $253m (FF1.84bn).
The film division saw its turnover drop from $116m (FF846m) to $81.3m (FF591m) as Vatel's failure failed to outweigh the success of Les Rivieres Pourpres. The division recorded losses of $60.4m (FF439m) compared with a profit of $23.5m (FF171m).
The exhibition circuit, which saw an 8% increase in business, is now being merged with that of Pathe to form EuroPalaces.
The company said that J'Ai Faim, a first film by Florence Quentin is now scheduled for delivery in the autumn and that it is now in production on Djmal Bensalah's Le Raid and Ion Sherman's English-language film I Am With Lucy.
The current year has had one notable success, some 5.3 million spectators for Francis Veber's The Closet (Le Placard).
Gaumont shares dropped 6% to Euros38.5, at which the company is valued at $142m.