Trimark Holdings reported a 6% boost in first-quarter revenues to $20.6 million, while net earnings rose to $3.2 million compared with $713,000 a year ago. Results were fueled by increases in homevid, cable TV and theatrical sales.
The Marina del Rey-based company also posted comprehensive income of $719,000, compared with $713,000 for September quarter ’98.
“Forming solid strategic alliances with accredited companies has been a major factor in improving the company’s profits,” said Trimark chairman and CEO Mark Amin.
Trimark said its distrib deal with Yahoo! Broadcast Services and NBC (“The ’60s,” “World’s Most Amazing Videos”) has given the company a sales boost, although it’s still experiencing a drop in international sales.
Trimark is planning to release “Natural Born Killers: The Director’s Cut” on DVD in January and launch Netcasting site CinemaNow next year.