Omni posts net loss, but revs up

Omni Films Intl. Inc. reported a net loss of $ 632,380 (21 cents a share) for the first fiscal quarter Dec. 31, compared to a net loss of $ 475,400 (16 cents) for the comparable period.

Revenues were up substantially to $ 796,513 vs. $ 387,245 in the same quarter last year.

Omni said its film licensing revenues for the quarter increased 87% over the same quarter last year, the result of a growing number of installations of the company’s theaters.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading