cdchart.innovative-software.com/_common/...elected=chart&sid=" style="max-width:560px" >
wenn erst die 0,26 € gefallen sind ist der weg nach oben frei. der weg aus dem bullischen dreieck, welches sich schon über einen langen zeitraum erstreckt. und bei den zahlen dürfte der ausbruch nach oben schon bald anstehen. viel freude noch mit magna :-)
Company Announcement: 10 February 2003
Magna Pacific (Holdings) Limited on Monday said exponential growth in the DVD market and a strong lineup of movie titles had
propelled the company's unaudited half year net profit before tax to more than $1.16 million, up more than 100 percent on the same
period last year ($583,000).
Managing Director Allan Radley said the result was struck on unaudited revenue of over $14 million, a 100 percent improvement on the
previous corresponding period of $6.9 million.
Mr Radley said box office movies such as Rabbit-Proof Fence and Amelie, as well as children's franchise series Zoids and The
Crocodile Hunter had made a significant contribution to the result.
However, he said the growth engine for the company in the medium term was in Magna Pacific's current library of 3000 movies and
documentaries, most of which would be converted from VHS to DVD format.
"We are seeing growth from our new cinema releases, our new franchise products and through our back catalogue of titles in which we
already enjoy strong retail support," he said.
"People want their classic movies on the DVD format because it doesn't deteriorate, so the conversion of our extensive VHS library
into DVDs will be one of the foundations for our revenue growth in the future."
He said this year Magna Pacific would bring out 500 new titles on DVD, including both newly acquired titles and titles sourced from
the company's existing library, compared to 140 released last year.
"We already own the rights to many of these titles so the beauty of it is that we will get these additional DVDs into the market,
earning us revenue, for minimal outlay," he said.
Mr Radley said independent figures on DVD retail sales in Australia showed the industry had grown by 75 percent in the 2002 calendar
year with further strong growth expected.
"The DVD industry is really only three years old in Australia and Magna Pacific is well positioned to take advantage of any future
growth in the industry," he said.
"Magna Pacific is well established and we are the company to be in to capture the exposure to this DVD market which is real and
tangible and growing strongly.
Mr Radley said Magna Pacific had built up extensive relationships with more than 6000 retail outlets including stores such as
K-Mart, ABC, Big W and Video Ezy.
"We have built up our retail space in these stores and grown our share of the overall retail market to five percent and the outlook
is that this will trend will continue," he said.
"DVD players were one of the hottest selling items at Christmas and people have continued to buy more DVD movies, so we are looking
at a lift in sales which will follow through to the end of the year," he said.
Mr Radley said Magna Pacific was also on the look out for acquisitions with synergies, with the company carrying over $6 million in
cash.
"We are looking closely at some opportunities which may have a good fit into our existing DVD business, and will allow us to
increase shareholder value," he said.
About Magna Pacific
Magna Pacific (Holdings) Limited (MPH) is one of the fastest growing entertainment companies within Australia and New Zealand.
Listed on the Australian Stock Exchange under MPH, Magna Pacific (Holdings) Limited is also traded on the Frankfurt, Berlin, Munich
and Stuttgart stock exchanges under WKN
901889.
A Brisbane-based company, MPH acquires and distributes feature films, television series and documentaries to cinemas, DVD and VHS
video markets, television and pay television.
It does this through its 50% owned subsidiary, Magna Pacific Pty Ltd (the other 50% of which is owned by listed cinema company
Becker Group Limited); and through Becker Magna Films, a 50% owned partnership also formed with Becker Group Limited. This
vertically integrated structure provides MPH with a strong and diverse revenue base.
With no one customer representing more than 10 percent of revenue, Magna Pacific also enjoys the benefits of a diverse customer
base. Magna Pacific distributes DVD and VHS product to over 6000 stores including rental and retail outlets such as ABC, Big W,
Civic Video, K-Mart, Myer/Grace Bros, Sanity, Target and Video Ezy.
Ranked 85 in the BRW Fast 100 (2002), Magna Pacific Pty Ltd currently distributes over 3000 titles on DVD and VHS video, including
box office first time releases such as Amelie and Rabbit Proof Fence, screen classics, and film favourites such as Reservoir Dogs,
The Princess Bride, Dances with Wolves, and Four Weddings and a Funeral. Magna Pacific has the largest catalogue of documentary
titles in the Australian and New Zealand territory, and is the exclusive distributor of the Discovery Channel's documentary series
on DVD and video in Australia and New Zealand.
With no debt and currently over $6 million cash, the directors of Magna Pacific (Holdings) Limited continue to seek and develop the
right investment opportunities.
Clive McKee
Chairman
For financial enquiries, contact:
Allan Radley
Managing Director
Ph: +61 7 3267 1113
Fax: +61 7 3267 1116
Email: allan@magnapacific.com.au
Clive McKee
Chairman of Directors
Ph: +61 40 888 1818
Fax: +61 7 3267 1116
Email: info@magnapacific.com.au
For media enquiries, contact:
Kirsty Smith
Communications Co-ordinator
Ph: +61 7 3267 1113
Fax: +61 7 3267 1116
Email: kirsty@magnapacific.com.au
