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    HomeNewsBusinessCompaniesWill be able to reduce debt to half in near future: Prime Focus

    Will be able to reduce debt to half in near future: Prime Focus

    Prime Focus is surging in trade, up over 19 percent. In an interview to CNBC-TV18, Namit Malhotra, Executive Chairman of Prime Focus spoke about the latest happenings and his outlook going ahead.

    CNBC-TV18
    October 17, 2017 / 12:14 IST

    Prime Focus is surging in trade, up over 19 percent. In an interview to CNBC-TV18, Namit Malhotra, Executive Chairman of Prime Focus spoke about the latest happenings and his outlook going ahead.

    We believe revenue and EBITDA will grow at a higher rate going ahead, said Malhotra.

    Talking about debt, he said net debt as of March is in the range of Rs 1,250 crore. Therefore, we continued focus on paring and re-financing the debt, he added.

    Have re-financed some of the debt in first six months of FY18, he mentioned.

    Will be able to reduce debt to half in near future, Malhotra added.

    For entire interview, watch accompanying video.

    CNBC-TV18
    first published: Oct 17, 2017 12:14 pm

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