Friday Feb 1 1:45 PM
Bollywood Trade News Network
Adlabs Films Limited (ADLABS), a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, announced its results for the quarter ended December 31st 2007.Revenues across all divisions of the company logged growth in the quarter as compared to the corresponding quarter last year:
- The cinema division grew by 75 % to Rs 42 crore and is now operating 131 screens and 45 properties across the country
- The motion picture processing and services division recorded a 26 % increase at Rs 24 crore and now enjoys a market share of over 70% in the Hindi film print business
- The content production and distribution business grew by 10 %, contributing Rs 47 crore
Venkat Devarajan, CFO - Adlabs Films Ltd, commented on the results saying, "We have been launching new cinema properties at an aggressive pace. Our television business too, Synergy Adlabs, has been expanding rapidly in new genres and even regional languages. One of the most important features of this quarter has been the operational growth across divisions. This augurs well for the future."
