Global media and entertainment services firm Prime Focus on Thursday posted a consolidated net profit of Rs 38.7 crore for the quarter ended March 31, 2017.
The company had reported a loss of Rs 241.6 crore during the corresponding period of 2015-16.
The company's consolidated quarterly income during January-March 2017 quarter grew by 38 per cent to Rs 658.9 crore from Rs 477.8 crore.
"The financial model has just begun to unlock value and we believe that our growth and delivery from here will lead the way as we have done so far on our strategy and vision to ensure that we are a globally integrated value driver and not a low cost, low end service provider," said Namit Malhotra, founder and Executive Chairman and Global CEO of Prime Focus.
The firm provides end-to-end creative services, technology products, production services and post-production services to the media and entertainment industry.
--IANS
mm-rv/vt
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app