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Pinewood Shepperton Reports GBP 1.89 Mln Pre-tax Loss In 15-month Period
Pinewood Shepperton Plc (PWS.L: News ) reported Wednesday a loss before tax of 1.89 million pounds for the 15-month period ended ended March 31, 2012. For the year ended December 31, 2010, the company had posted a profit of 5.82 million pounds.
As a result of the change to its accounting reference date from December 31 to March 31, the company has delivered unaudited results for the fifteen months ended March 31, 2012.
Announcing its preliminary results, the company said it saw rising demand for its facilities, particularly in film. The board also looks forward to the future with confidence.
Earnings per share after adjusting for exceptional items and the release of provision for the potential capital gains tax on properties were 14.6 pence. For the year to December 31, 2010, earnings were 7.7 pence per share.
Total revenues for the fifteen-month period were 63 million pounds. For the year ended December 31, 2010, the company had reported revenues of 43.41 million pounds.
Ivan Dunleavy, chief executive of the company said, "Our strategy, both at home and abroad, is delivering strong growth. Despite increasing global competition during the fifteen month period ended 31 March 2012, the Company won significant business from big budget films for our facilities which resulted in the Studios achieving high utilisation."
The company said it is well placed to meet the increasing demand for content both at its UK studios and abroad.
In addition, the board has decided not to recommend a dividend in respect of the fifteen-month period, in light of the level of exceptional costs incurred in the period.
http://www.rttnews.com/1892383/pinewood-shepperton-reports-gbp-1-89-mln-pre-tax-loss-in-15-month-period.aspx?type=qf&utm_source=google&utm_campaign=sitemap
As a result of the change to its accounting reference date from December 31 to March 31, the company has delivered unaudited results for the fifteen months ended March 31, 2012.
Announcing its preliminary results, the company said it saw rising demand for its facilities, particularly in film. The board also looks forward to the future with confidence.
Earnings per share after adjusting for exceptional items and the release of provision for the potential capital gains tax on properties were 14.6 pence. For the year to December 31, 2010, earnings were 7.7 pence per share.
Total revenues for the fifteen-month period were 63 million pounds. For the year ended December 31, 2010, the company had reported revenues of 43.41 million pounds.
Ivan Dunleavy, chief executive of the company said, "Our strategy, both at home and abroad, is delivering strong growth. Despite increasing global competition during the fifteen month period ended 31 March 2012, the Company won significant business from big budget films for our facilities which resulted in the Studios achieving high utilisation."
The company said it is well placed to meet the increasing demand for content both at its UK studios and abroad.
In addition, the board has decided not to recommend a dividend in respect of the fifteen-month period, in light of the level of exceptional costs incurred in the period.
http://www.rttnews.com/1892383/pinewood-shepperton-reports-gbp-1-89-mln-pre-tax-loss-in-15-month-period.aspx?type=qf&utm_source=google&utm_campaign=sitemap
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