Sales grew across the board at Entertainment One (ETO) in the reported period, but higher theatrical costs drove the film-and-TV producer and distributor's underlying cash profits down 28 per cent to £38m. Yet management stood by its full-year expectations, as it expects a strong second-half showing from blockbusters such as Girl on the Train.
The BFG, Bad Moms and other theatrical releases boosted box-office takings by more than half to $152m (£122m). But higher marketing and distribution costs meant the film division swung from an underlying cash profit of £12.9m to a loss of £2.3m. Investments in acquired movies more than tripled to about £98m.