India-based animation and gaming group DQ Entertainment PLC (AIM: DQE) reported a 93 percent rise in EBITDA and a 34 percent rise in revenue for the full-year to March 31 2009 and said it expects the current financial year to be another period of continued progress.
EBITDA rose to US $13.9 million from US$7.2 million a year earlier, while revenue was up at US$32.2 million compared with US$24.1 million.
The order book currently stands at US$92.5 million, to be delivered over the next two years.
“Despite challenging market conditions, we remain encouraged by the demand for our expertise and our impressive pipeline currently in development. We continue to be associated with some of the most iconic brands and global players in the market in addition to developing our own intellectual property rights (IPRs),” DQE said.
“The outlook for the current financial year remains positive, driven largely by our strong order book visibility. The group also believes it will see greater revenue contribution from its Global IP Division and L & D Division, due to the development of our own IPR and through various licensing and distribution agreements,” it added.
DQE currently operates 11 production facilities in India - eight in Hyderabad and one each in Mumbai, Kolkata and Chennai. It also has a production facility in Manila, Philippines, as well as sales offices in India, Los Angeles, Paris, Tokyo and Ireland.
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