You will be redirected back to your article in seconds

Cinar profits jump by half for fiscal ’93

Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the year before.

Net profit-per-share went from 18 cents per share in 1992 to $ 25 cents per share in 1993.

Total revenue was up 11.7% to $ 15.63 million, compared to $ 14 million in 1992. Cinar’s fiscal year ended Nov. 30, 1993.

Net earnings increased to $ 379,542 in the fourth quarter of 1993. Cinar earned $ 366,891 in its fourth quarter a year earlier.

“It puts us in a very good position,” says Don Teichroeb, Cinar’s finance veepee. “To show that we hit the targets and went a little bit past adds credibility to the company. We’re doing what we said we’d be doing. The amount of money we’re getting out of U.S. and European territories has increased much faster than the growth in Canada.”

The profit and revenue results are up slightly from the company’s forecasts released when it was going public last fall. Cinar issued 2.5 million common shares in September, netting over $ 7.44 million for the company.

Most of Cinar’s recent growth has come via international sales. International production revenue has jumped from 7% of company revenue in 1989 to 61% in 1993, according to Cinar CEO Micheline Charest.

Cinar generated a record $ 14.88 million worth of production last year, including live-action series “Chris Cross,” co-produced with U.K.-based Central Independent Television, and animated series “The Busy World of Richard Scarry,” produced in association with Paramount Pictures.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    Cinar Films posted its biggest-ever one-year jump in earnings last year thanks to increased sales of its family TV programming in the U.S. and Europe. The Montreal-based producer and distributor increased its net profit by over 50% to $ C1.83 million ($ 1.36 million) in fiscal 1993, up from $ C1.2 million ($ 893,000) the […]

More From Our Brands

Access exclusive content