Crest’s Q2 net profit at Rs 5.5 million

Crest Animation Studios Limited (CASL) has reinforced its turnaround performance for the second quarter ended September 2004, having come back into the black in the first quarter of the current fiscal. During the last quarter, the company has registered a net Profit of Rs 5.5 million as against a loss of Rs 11.2 million for the corresponding quarter of the previous year. The company registered a 74 per cent jump in total income at Rs 71.3 million as compared to Rs 41.1 million for the second quarter of the previous year. Operating profit margin has surged to 38.06 per cent during the September ended quarter, from 15.28 per cent in the corresponding quarter of the previous year. Profit before interest depreciation and tax has shot up to Rs 26.9 million as against Rs 5.71 million during the same period. For the first half of the current fiscal, the company’s total income stood at Rs 140.1 million, up by 64 per cent from Rs 85.4 million a year ago. connect@animationxpress.com