Intertainment AG — Earnings Release 2002

Nov 28, 2002

News Details

Ad-hoc | 28 November 2002 20:46

Intertainment AG english

Intertainment AG achieves a balanced result in the third quarter of 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Intertainment AG achieves a balanced result in the third quarter of 2002 Third quarter characterized by investment activity Ismaning near Munich, November 28th, 2002 – In the third quarter of 2002 (July to September) the Intertainment AG, at Ismaning near Munich, achieved an almost balanced result for the group of minus EUR 0.36 million. The result for the group during the same period of the previous year was plus EUR 3.3 million. The result for the first nine months of this year is thus minus EUR 4.5 million, as compared with plus EUR 4.6 million in the previous year. In the third quarter of 2002 the Intertainment AG recorded a turnover of EUR 2.3 million, as compared with EUR 4.9 million in the previous year. The turnover for the Intertainment group in the first nine months of 2002 was therefore EUR 13.8 million as compared with EUR 19.7 million in the same period of the previous year. This turnover results primarily from the ongoing exploitation of the film rights to “Art of War”, “Whole Nine Yards” and “Battlefield Earth”, as well as from the sale of merchandizing products. The third quarter 2002 was marked as far as the Intertainment AG was concerned by a number of major investments in current film projects. Principal Photography of “Blackout”, the first film produced jointly with Arnold Kopelson, was completed in the third quarter of 2002. As a result, the company’s liquid funds declined from EUR 18.6 million at 30th June 2002 to EUR 8.2 million at 30th September 2002. end of ad-hoc-announcement (c)DGAP 28.11.2002 ——————————————————————————– WKN: 622360; ISIN: DE0006223605; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 282046 Nov 02