Highlights
- PAT shot up 128% YoY at Rs. 76.09 crores for the year ended March 31 2011
- Revenue of the company at Rs. 502.96 crores, up by 11.08%
Prime Focus, the global visual entertainment services company announced its Audited annual results for FY 2010 – 2011 on 20th June 2011 at the meeting of its Board of Directors in Mumbai.
For the financial year ended 31st March 2011, Company’s Profit After Tax (PAT) rose by 128% to Rs.76.09 crore from Rs. 33.42 crore for the previous year. The revenue of the company is up by 11.08% to Rs. 502.96 crore from Rs. 452.78 crore during the same period.
Commenting on the financial performance of the Company, Mr. Namit Malhotra, Founder and CEO, Prime Focus said, “This has been an excellent year for Prime Focus. During this fiscal year, we received great accolades from the industry. The fiscal year started positively in April 2010 with exciting new business wins during the year and till date.”
During the last fiscal year, Prime Focus announced its association with Lucas Films for the 3D conversion of Star Wars: Episode I The Phantom Menace. Also, its digital content services group Prime Focus Technologies (PFT) recently partnered with Star TV to transform Broadcast Ops to Digital across all Platforms.
About Prime Focus
Prime Focus is a global Visual Entertainment Services group that provides creative and technical services to the film, broadcast, commercials, internet, and media industries. The group offers a genuine end-to-end solution from pre-production to final delivery - including stereo 3D visual effects, stereo 3D conversion, and video and audio post-production, digital intermediate, equipment hire, multi-platform content operations solutions and digital distribution.
Prime Focus employs almost 3,500 people with state-of-the-art facilities throughout the key markets of North America, the UK and India. Using its ‘World sourcing’ business model, Prime Focus provides a network that combines global cost advantages, resources and talent pool with strong relationships and a deep understanding of the local markets. www.primefocusworld.com
