Adlabs revenue up 217%, profit falls

August 01, 2008 Adlabs Films, India's leading film banner and theatrical chain, reported a 217% jump in quarterly revenue but a sharp drop in net profits thanks to the absorption of a related radio division into its accounting. "The figures for the corresponding quarters may not be comparable due to the interest and depreciation costs of the radio division, which was only recently included in the group accounting," Adlabs CFO Venkat Devarajan said. Under the Adlabs Films umbrella, the company runs various divisions including India's largest theatrical chain, with 175 screens, a film processing facility and a film production and distribution banner.

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