Prime Focus expands India operations
Prime Focus (BSE: PFOCUS), India’s leading integrated end-to-end post production and visual effects house, today announced the official launch of its fourth India facility at Chennai. With the South Indian film industry accounting for over 50% of
The Chennai facility is the company’s fourth in
The Tamil film industry or ' Kollywood ' is the second largest film industry in India and one of the most successful. According to industry estimates more than 135 Tamil movies were made in 2006. Tamil films are popular the world over including in countries like Sri Lanka , Singapore , Japan , Malaysia , United Kingdom , Canada , South Africa and United States . They also get dubbed into other languages like Telugu, Hindi, thus reaching a much wider audience. Additionally several Malayalam and Kannada films are created in Chennai as well. Also, the 2006 success of big budget films such as ‘Dishoom’, ‘Jillini Oru Kaadal’, ‘Godfather’ etc. has spurred a boom among producers to make similar big budget extravaganzas costing anywhere between Rs. 15 crores to Rs. 40 crores.
Commenting on the facility inauguration, Mr. Bhaarath Sunder, Chief Executive Officer, Prime Focus Limited, said, “The Chennai film and advertising industry is among the most evolved in
Says Mr. Amit Gupta, Director – Corporate Development, Prime Focus Limited, “Prime Focus is
Sourced From: Text 100 Public Relations Consultancy
Prime Focus stock price
On July 24, 2014, Prime Focus closed at Rs 50.05, up Rs 0.20, or 0.40 percent. The 52-week high of the share was Rs 58.35 and the 52-week low was Rs 23.75.
The company's trailing 12-month (TTM) EPS was at Rs 1.65 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 30.33. The latest book value of the company is Rs 23.76 per share. At current value, the price-to-book value of the company is 2.11.
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