EuropaCorp. reported lower fiscal 3Q revenue
Indie film company cited continuing liquidity problemsNEW YORK -- Luc Besson's EuropaCorp. reported lower fiscal third-quarter revenue on Monday.
The independent film production and distribution company cited continuing liquidity problems of international distributors and weaker-than-expected boxoffice results.
But it still predicted it will grow its revenue for its full fiscal year, which ends March 31, despite being behind the year-ago figures after the first nine months of its fiscal year with €94.1 million, compared to €97.9 million a year earlier. For its previous fiscal year, the firm posted revenue of €128.6 million.
EuropaCorp's fiscal third-quarter revenue of €47 million, down from €48.9 million in the year-ago period, included contributions from such releases as "Fashion Victim," "The Concert" and "Arthur and the Revenge of Maltazard."
The current final quarter of the company's financial year "will be the most significant in revenue," EuropaCorp. said. It features such releases as "From Paris With Love," "I Love You Phillip Morris," "Paris Express" and "22 Bullets."