Highlight’s net profits jump 25%

Group gets boost in annual results

Swiss-German entertainment group Highlight Communications on Thursday posted better than expected annual results for 2005, including a 25% boost in net profit.

Highlight, which increased its stake in leading German producer-distrib Constantin Film earlier this year to more than 90%, saw earnings climb to $17.9 million.

Revenue, however, dropped 11% to $366 million from the previous year, when company was buoyed by Constantin’s box office hits “Downfall” and “Spaceship Surprise: Period 1.”

Highlight enjoyed exceptionally strong business from homevid, with revenue up 23% to $87 million, while theatrical film revs dipped 21% to $236 million. As a result, the overall share of company revenue stemming from its theatrical film biz dropped from 73% to 64.5%.

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