| Mumbai, January 24, 2007 – Prime Focus, India’s leading integrated end-to-end post production and visual effects house, today announced its operating results for the quarter ended December 31, 2006.
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| Financial Highlights for Q3FY07
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| · Consolidated revenue for the quarter stood at Rs. 16.71 crore registering a growth of 31% over the corresponding quarter of the previous year.
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| · Profit before interest depreciation and tax (PBIDT) for the quarter, at Rs. 10.62 crore, grew by 45% over the corresponding quarter of the previous year.
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| · PAT for the quarter stood at Rs. 5.59 crore, with a growth of 48% over the corresponding quarter of the previous year.
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| Financial highlights for the nine-months ended December 31, 2006
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| · Total Income for the nine months ended December 31, 2006 at Rs. 44.61 crore, grew by 33% over corresponding period of the previous year
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| · Consolidated profit after tax for the nine months stands at Rs. 16.05 crore, signifying a growth of 45% over the corresponding period of the previous year
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| · Profit before interest depreciation and tax (PBIDT) for the nine months, at Rs. 29.61 crore, grew by 39% over the corresponding period of the previous year
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| · The nine-month consolidated EPS works out to Rs.12.62, as compared to EPS of Rs. 10.69 for the corresponding period of the previous year.
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| Commenting on the positive performance of the company in the quarter, Mr. Namit Malhotra, Managing Director, Prime Focus, said, “This quarter has been a very positive one for Prime Focus in terms of the caliber of work that we have had the opportunity to be associated with. We have worked on big banner productions such as Yashraj Films’ Dhoom 2, Shree Ashatavinayak’s Bhaagam Bhaag, Sajid Nadiadwala’s Janeman, J.P.Dutta’s Umrao Jaan, Mukta Arts’ Apna Sapna Money Money and B.R. Chopra’s Babul. Another strategic initiative has been our organic growth within India with penetration of the Chennai market which is the hub of the Tamil film industry and with a sizable advertising market as well. In Chennai, we have executed several DI projects including Jillunu Oru Kaadal, Thalaimaghan and Annavaram.”
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| Business Highlights
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| · In April -May 2006 Prime Focus Ltd. (PFL) acquired a 55% stake in VTR PLC, UK, a £220 million European media service company, and a leading post-production group in the UK with over 20 years of post-production and visual effects experience. Prime focus is currently in the process of restructuring and consolidating the business. Fresh capital expenditure has been undertaken to bolster the groups position in the London market
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| About Prime Focus Limited (PFL)
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| Prime Focus Limited (Bombay Stock exchange code: PFOCUS) is India’s leading integrated end-to-end post production and visual effects services house. It offers a comprehensive spectrum of services ranging from visual effects, digital film lab (digital intermediate, high-resolution film scanning and film recording), telecine, editing, motion control and High Definition production.
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| PFL has employee strength of over 650 people (including VTR) and multiple facilities across Mumbai, Chennai and UK.. PFL’s full service capabilities empowers filmmakers, ad film makers and television producers with the latest tools and techniques to refine their work in the post production & production environment. |
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