BERLIN — Swiss-German producer/distribber Highlight Communications posted a near 38% increase in first quarter revenues to DM 67.9 million ($30.7 million). EBIT rose around 30% from $5.3 million to $6.9 million. Net profits were up 26%, reaching $5.3 million.
The Neuer Markt-listed company also unveiled the first new Internet plans since the appointment of former AOL Bertelsmann Europe topper Heinz B. Wermelinger as head of group’s New Business division in February.
Highlight and German outfit Chris Screen Partner have established Netproducer, a joint venture to develop and produce online content. With Sony Germany as its first major client, companies reckon Netproducer will be pulling in revenues of between $1.8 million to $2.3 million in its first year of business.