Stockholm, 2012-02-28 06:17 CET (GLOBE NEWSWIRE) --
• Revenue 10,626 KSEK (16,967)
• Operating income before depreciation -5,550 KSEK (961)
• Income after financial items -7,875 KSEK (2,212)
• Net Income -8,369 KSEK (1,730)
• Earnings per share -0.18 kr (0.04 kr)
• Stan Lee Media lawsuit against Paradox dismissed by the Court
• New fourth quarter co-production projects ”Frozen Ground” and “Broken City”
• The rights issue in December resulted in a subscription rate of 70.4% and 11.4 MSEK in new capital after costs
Financial Summary
Group revenue was 10,626 KSEK (16,967). Operating income before depreciation was -5,550 KSEK (961). Income after financial items was -7,875 KSEK (2,212) and net income was -8,369 KSEK (1,730). Shareholders’ equity was at period end 59,244 KSEK (55,719). The net change in shareholders’ equity is 3,525 for the period (see further under the heading “Rights Issue”). The solvency fell to 57.6% (72.8%). The decrease in solvency is also affected by the financing of a new project (see further under the heading “Financing”). Investments in intangible assets were 1,267 KSEK (2,383) during the period.
The vast majority of the operation is based in the United States, thus the financials are affected by the Swedish crown/U.S. dollar exchange rate. The exchange rate on January 1, 2011, was 6.8030 SEK per USD (7.2125) and on December 31, 2011, 6.9234 SEK per USD (6.803). The average exchange rate for the period was 6.4969 SEK per USD (7.0078).
See attached document for full financial statement.
About Paradox Entertainment
Paradox Entertainment manages and develops global entertainment franchises by generating licensing revenue in all forms of media including motion picture, television, gaming, publishing and toy industries. The Company also acts as licensing agent for property owners like Starz and BBC. The shares of parent company Paradox Entertainment AB (PDXE, SE0000598054) are quoted on NASDAQ OMX, in the First North Premier segment. Erik Penser Bankaktiebolag acts as Certified Adviser. Read more about Paradox Entertainment on http://www.paradoxent.com.
Fredrik Malmberg
President & CEO
Tel: +1 (323) 655-1700, Mob: +1 (310) 663-3214
E-mail: fmalmberg@paradoxent.com
Torsten Engevik
Deputy Chief Executive Officer
Tel: +46 8-555 177 94, Mob: +46 738-20 25 40
E-mail: torsten.engevik@paradox-entertainment.com
Joakim Zetterberg
Director of Publishing / Investor Relations
Tel: +1 (323) 655-1708, Mob: +1 (310) 623-2918
E-mail: jzetterberg@paradoxent.com
