DHX reports 65% revenue growth
Briefs | 10/01/2007 5:39 pm EDT
Halifax based international television and interactive content producer and distributor DHX Media Ltd. is reporting revenue of $26 million for the year ended June 30, 2007, which represents an increase of 65% over the $15.8 million the company recorded the previous year. The company is also reporting a gross margin of 37% amounting to profits of $9.7 million, an increase of 245% over 2006. The results represent DHX's first full year of operation; Decode Entertainment and the Halifax Film Company merged to form DHX in May of 2006. "We are pleased with our results for our first full year as a combined group, and achieving profitability," said DHX chairman and CEO Michael Donovan in a news release. "These positive results are a validation of our strategy to date, as well as of our momentum leading into future periods." DHX has 14 children's series currently in first window broadcast on multiple major cable and broadcast networks in the UK, US and Canada, including, Bo on the Go, Lunar Jim, Franny's Feet, The Save-Ums and Naturally Sadie.