New Delhi: Compact Disc India (BSE), one of the biggest players in the film animation outsourcing industry in South Asia, declared its financial results for the First Quarter 2007-08. Revenue for the first quarter grew by 120%, while profits grew by 427% in comparison to the first quarter of fiscal 2006, thus maintaining a strong growth momentum.
The revenue for the first quarter was recorded at Rs.2021.52 lakhs vis-à-vis last fiscal’s first quarter revenue Rs.918.68 lakh, an increase by 120%. CDI’s first quarter profit was posted at Rs.398.32 lakhs, last fiscal’s first quarter profits were posted at Rs.75.541 lakhs, an increase in profits by 427%.
The Earning Per Share (EPS) for the first quarter of F1 for 2007-08 was registered at Rs.4.16.
The company’s Board of Directors have approved a plan to invest Singapore Dollars (SGD) 1.00 million in cash, to acquire 1,000,000 equity shares at face value of SGD 1.00 at par of Interactive Creative Media Pte. Ltd., Singapore.
CDI will also invest GBP 1.25 million, in cash and consideration other than cash, to acquire 1,250,000 equity at face value of GBP 1.00 at par of MediaOne Venutres Ltd., London.