NEWS

Revenues climb but profits fall at eOne

Published on: 23rd November 2016

Latest results showed revenues climbing 19% to £401m for the half-year, including strong growth for its family division.

eOne-480Chief executive Darren Throop commented: “ The group remains on track to deliver full year financial performance in line with management expectations”. He also referred to the period ahead as “exciting” and described the results as being “underpinned by an exceptional performance from Peppa Pig”, pointing to strong growth for Peppa Pig products in the US and China.

However, pre-tax profits for the six months to the end of September fell to £3.7m compared to £18.1m in the same period last year, as a result of investment in films and a number of recent takeovers.

The results come months after Entertainment One fought off a £1bn takeover offer from broadcaster ITV claiming it undervalued the business.

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