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Adlabs swings into action

May 3, 2007

The seven multi-screen cinema halls, one operational and six upcoming, have 23 screens in all.

Net profit of Adlabs Films rose to Rs 12.61 crore in the quarter ended March 2007 (Rs 8.07 crore). Sales rose to Rs 86.10 crore in the quarter ended March 2007 (Rs 34.33 crore). For the full year, net profit rose to Rs 67.01 crore in the year ended March 2007 (Rs 26.31 crore). Sales rose to Rs 264.16 crore in the year ended March 2007 (Rs 106.25 crore).

In January 2007, Adlabs acquired controlling stake in Synergy Communications, the premier television content company. The new entity is called Synergy Adlabs.

Earlier, Adlabs Films launched BIG 92.7 FM from Hyderabad, Delhi , Chennai and Bangalore, several other major towns of Jammu and Kashmir and Aligarh.

Adlabs Films owns a chain of multiplex theatres across the country, the IMAX Adlabs theatre complex in Mumbai the best known among them. The company produces, distributes and exhibits movies, and has some well-known productions to its credit.

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