Magazine article Screen International

Left Bank Reports $1.7M Profits

Magazine article Screen International

Left Bank Reports $1.7M Profits

Article excerpt

Left Bank Pictures has reported pre-tax profits of $1.7 (£1.05m) for the nine months to 31 March 2013 after it was acquired by Sony Pictures Television (SPT) for $65m (£40m) last year.

In accounts published on Companies House, the UK production company has shortened its accounting period to fall in line with its owners.

Left Bank, which produced crime drama Wallander, reported pre-tax profits of $1.7 (£1.05m) for the nine month financial period. Previously, pre-tax profits hit $6.44m (£3.98m) in the full year ending 30 June 2012.

Turnover during the nine months to 31 March 2013 stood at $31m (£19.21m). In its previous full year accounting period, sales reached $72.5m (£44.85m).

The indie, which employs 24 staff, saw staff costs increase during the nine months, with wages and salaries reaching $3. …

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