Prime Focus FY14 (15 months) consolidated revenues at Rs 10bn New businesses (Creative+Technology services) generate 80% of total revenues


Prime Focus FY14 (15 months) consolidated revenues at Rs 10bn

New businesses (Creative+Technology services) generate 80% of total revenues


 

Mumbai, August 28, 2014: Prime Focus Limited, the global leader in media and entertainment services, declared its audited financial results for the fifteen months ending June 30, 2014 on August 28, 2014.

 

Key financial highlights

 

15M’FY14* (Consolidated audited financials)

§  Revenue for the fifteen months ending June 30, 2014 at Rs 10,342mn. New businesses of Technology and Creative services post robust growth

§  EBITDA is at Rs 2,363mn with margin of 23%

§  Profit after tax at Rs 243mn

(*FY14 was extended by three months and has ended on June 30, 2014)

Q5’FY14 (Consolidated)

§  Revenue for the quarter at Rs 1,993mn up by 6%YoY compared to corresponding quarter ending June 30, 2013

§  EBITDA is at Rs 231mn

Corporate highlights for the quarter

§   Prime Focus Limited and Reliance MediaWorks announced merger of their global film and media services business

§   Prime Focus World completed merger with Double Negative, Europe’s largest independent VFX house effective on July1, 2014

§   Prime Focus Technologies completed acquisition of DAX, a leading provider of cloud-based production workflow and media asset management applications effective on April 1, 2014

Key operational highlights for the quarter

Prime Focus World (PFW)

§  Key projects delivered including recent Hollywood blockbuster Transformer-Age of Extinction Guardians of Galaxy, Maleficent, Edge of Tomorrow & Hercules

§  On-going projects include Terminator-Genisys, Ant-Man, Batman v Superman, Avengers,  Exodus: Gods and Kings, Insurgent, Sin City : A Dame To Kill For among others

Prime Focus Technologies (PFT)

§  India’s Broadcast Audience Research Council (BARC) selects PFT for Play-out Monitoring service to input reliable data in its Audience Measurement System

§  CLEAR Media ERP launched in South East Asia markets at Asia’s largest digital and multimedia tradeshow for the pro-audio, film and TV industries

§  First M&E focused cloud technology solutions provider to achieve ISO/IEC 27001:2005 certification for Information Security Management

Recent Awards and recognitions:

§  PFT’s CLEAR positioned as an ‘Exemplar’ on the NASSCOM Product Excellence Model

§  PFW, has been awarded the production industry’s coveted Apollo Award for  ‘White House Down’

Commenting on results Mr. Namit Malhotra, Executive Chairman and Group CEO, Prime Focus Ltd said

“This has been a landmark year which saw us successfully emerge as the world’s largest global integrated media services player. A decade ago, we embarked on a bold strategic roadmap with a strong vision for leadership in both creative and technology based media services. The two mergers i.e. PFL-RMW and PFW-D-Neg, as well as the DAX acquisition, are transformational steps in the evolution of PFL. At this stage, we are extremely positive about the future, with an expanding order book in creative services with bigger projects and non-linear scale up in technology services as we replicate our success to newer markets.”

About Prime Focus Limited

Prime Focus Limited (PFL), the world’s largest media services powerhouse employs over 5,500 professionals in 16 cities across 4 continents and 7 time zones. We provide end-to-end creative and technology services including visual effects, stereo 3D conversion, animation, post-production, Digital Intermediate (DI), equipment rental, hybrid cloud-enabled Media ERP technology and cloud media services to Studios, Broadcast, Advertising and Media industries.

Prime Focus is behind path breaking technologies like CLEAR™ (Hybrid Cloud technology enabled Media ERP platform), Primetime Emmy® award-winning DAX Digital Dailies® and View-D™ (stereoscopic 2D to 3D conversion). Leveraging our Global Digital Pipeline and pioneering delivery model WorldSourcing® we partner content creators at every stage of the process ensuring creative enablement, work flow efficiencies and cost optimization.

2014 has seen a spate of M&A: Prime Focus Technologies acquired DAX, a leading provider of cloud-based production workflow and media asset management applications; Prime Focus World merged with Double Negative, one of the world’s foremost providers of visual effects; and Reliance MediaWorks merged their global film and media services business with Prime Focus Limited.

Listed on the BSE and NSE of India, Prime Focus has operations in Bangalore, Beijing, Cape Town, Chandigarh, Delhi, Goa, Hyderabad, Johannesburg, Kolkata, London, Los Angeles, Mumbai, New York, Singapore, Toronto and Vancouver.

For more details: www.primefocusltd.com

Rajendra Ganotra is the Editor of Spicy Stars Mumbai

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