Republic Pix reports record 3rd-qtr. profit

Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30.

Profits increased 2.5% in comparison to the same period last year.

Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the television unit, were revs climbed 113% to $ 7.9 million.

The company also lowered its operating income by creating a $ 1 million reserve, it said, in reaction to mergers and acquisitions among its customer base and to cover future “doubtful accounts receivables and video returns above and beyond normal historical levels.”

More Biz

  • Prince Harry and Meghan MarkleThe wedding

    How Oprah, Ava DuVernay and Reese Witherspoon Celebrate the Royal Wedding

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

  • Prince Harry and Meghan MarkleThe wedding

    Watch the Gospel Choir's Rendition of 'Stand By Me' at the Royal Wedding

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

  • Prince Harry and Meghan MarkleThe wedding

    Prince Harry Marries U.S. Actress Meghan Markle

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

  • Prince Harry and Meghan MarkleThe wedding

    Thousands Descend on Windsor for Wedding of Prince Harry and Meghan Markle

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

  • Andrea Tantaros sues Fox News

    Judge Dismisses Andrea Tantaros Wiretapping Suit Against Fox News

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

  • India's Bollywood Biz Fuels Film Production

    Business From India Fuels Growth of Film Biz in Abu Dhabi

    Republic Pictures Corp. posted record third-quarter net earnings of $ 162,000 (4 cents a share) for the quarter ended Sept. 30. Profits increased 2.5% in comparison to the same period last year. Revenues for the film and TV production and distribution company were up 5.4% to $ 19.6 million. The biggest gain was in the […]

More From Our Brands

Access exclusive content