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Pinewood Studios profits up despite tough economy

26-Aug-2011 • Bond News

Press Release
Pinewood Shepperton plc, provider of services to the global film and television industry, has announced interim results for the six months ended 30 June 2011. Revenue is up £26.1m with operating profit before exceptional items of £6.6m. The company also reported profit before tax £1.5m.

Commenting on the results, Ivan Dunleavy, Chief Executive, said: "The first half of the year has delivered a positive performance across the business with good demand from big budget films and large scale TV productions."

"Despite the current economic uncertainties, the Company is performing strongly. Trading since the 30 June has been buoyant and is expected to continue to perform well for the year as a whole. Our investment in infrastructure to support growth is ongoing and we look to the future with confidence".

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