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

  • Controversial Radio Host Don Imus Stepping

    Controversial Radio Host Don Imus Stepping Down

    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 […]

  • Maria Contreras-sweet Us Administrator of the

    Maria Contreras-Sweet Investor Group Closes in on Weinstein Co. Acquisition

    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 […]

  • Lowell McAdam

    Verizon CEO: Telco 'Unequivocally' Is Not Hunting for a Media M&A Deal

    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 […]

  • Yueting (“YT”) Jia LeEco CEO

    LeEco Unit to Resume Share Listing as Restructuring Continues

    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 […]

  • Judge Judy CBS series

    'Judge Judy' Faces $4.75 Million Lawsuit Over Sale of Show's Library

    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 […]

  • The Rose Bette Midler

    Bette Midler Film 'The Rose' to Be Adapted On Broadway

    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 […]

  • John Conboy and Donna MillsArchive PhotosJune

    John Conboy, Producer of 'The Young and the Restless,' 'Guiding Light,' Dies at 83

    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