Discreet makes GBP4.2 million in latest quarter

Article Abstract:

Discreet Logic, a software manufacturer based in Canada, has posted profits of 4.2 million pounds sterling, or $6.8 million in its final quarter that ended June 30, 1998. The amount is higher by over 25% compared to the 3.3 million pounds sterling, or $5.4 million, earnings it reported for the same period in 1997. Revenues at the company during the quarter also surge to $24.7 million pounds sterling, or $40.2 million, from 21.3 million pounds sterling, or $34.8 million in 1997 for the same quarter. For the entire fiscal year, Discreet Logic reported a net loss of 368,000 pounds sterling, or $600,000, brought largely by charges relating to acquisitions.

Comment:

Posts profits of GBP4.2 mil in final qtr that ended 7/30/98, up over 25% vs GBP3.3 mil or $5.4 mil earnings for same qtr in 1997

Canada, Sales, profits & dividends, Computer Services NEC, Computer Systems Design and Related Services, Information technology services, Discreet Logic Inc.

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Edit Store pumps 1 million pounds sterling into expansion

Article Abstract:

Edit Store and sister company Sound Store are investing 1 million pounds sterling to acquire the companies' neighbouring areas in central London, UK, and expand their facilities. The expansion project calls for adding another online non-linear editing facility and four offline suites, giving the companies a total of 12 offline facilities by the end of November 1998. There is also a plan to construct a third dubbing facility and a dedicated Foley stage, designed specifically to draw more drama jobs.

Comment:

Invests 1 mil pounds sterling to buy neighbouring areas in central London, UK and expand facilities

United Kingdom, Capital expenditures, Teleproduction and Other Postproduction Services, Video Post Production Work, Video post production, Edit Store

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