Profits jump to $84 mil
BERLIN — Children’s programmer EM.TV & Merchandising has posted revenues of DM 257 million ($133 million) in the first nine months of its fiscal year, a $110 million increase over last year.
Profits from regular activities were at $84 million compared with $6.5 million in the same period last year, while earnings before interest and taxes were at $61 million. Profit per company share was 43 cents, compared with about 3 cents in 1998.
Figures did not include revenue from the group’s recent investments in media group Tele Munchen, producer/distrib Constantin, animation outfit TFC Trickompany and licensing firm Plus Licens, but complete results will be listed at year’s end.
EM.TV Chairman Thomas Haffa said the company’s outlook became more globalized in the year’s third quarter by its collaboration with Trickompany, with which it is producing children’s series and film material. The Munich-based company has also been looking to expand into programming for grown-ups.