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eOne reports 30% revenue growth

Toronto, Canada-based eOne has released its interim results for the six months ending September 30, indicating revenue growth of 30% to US$345 million. (All figures converted from pounds sterling.)
November 17, 2010

Toronto, Canada-based eOne has released its interim results for the six months ending September 30, indicating revenue growth of 30% to US$345 million. (All figures converted from pounds sterling.)

The company reports EBITDA up 34% to US$19.6 million, and adjusted profit before tax up 166% to US$11.75 million. eOne also reported loss before tax was reduced to US$3.9 million (against a 2009 loss of $12.73 million), which includes a one-time US$2.93 million loss associated with the company’s move to the Main Market of the London Stock Exchange as well as corporate reorganization. Cash flow sits at US$49 million, versus 2009′s US$45 million.

‘We are delighted with the progress made in the first half,’ commented CEO Darren Throop. ‘It is particularly pleasing to see the success of our Television business, which has enjoyed excellent viewing figures in North America for our new network shows, and the exciting opportunities for eOne Family following the recent deal to air Peppa Pig on Nick Jr. in the US.

‘The second half has started well and the pipeline of film releases and television productions remains strong. As we continue to focus on our strategy of investment and multi-territory expansion we anticipate that the business will continue to deliver good growth and are confident market expectations will be met.’
From Playback Online.

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