Fenix ​​Entertainment, the Board of Directors approves the first half: revenues up 614%

by time news

The Board of Directors of Fenix Entertainment S.p.A, a company listed on the multilateral trading facility AIM Italia and active in the production of film and television content, as well as in the music field and in that of Marketing and Advertising, meeting today under the presidency of Tino Silvestri, approved the Half-Year Financial Report at 30 June 2021, drawn up according to the principles ofOIC 30 subjected to a limited audit.

The first half of 2021 ended with a value of production increased by 614.54%, reaching € 13,337,345 (€ 1,866,576 in the same period of the previous year) and a net profit increased by 114.82%, equal to to euro 598,585 compared to euro 283,436 realized in the first 6 months of 2020. Le film productions they developed revenues of € 7,945,000, through the occurrence of revenues suspended for competence in previous years, deriving mainly from the international sale of rights to exploit the works produced. At 30 June 2020 they had been equal to Euro 494,122 with an increase of 1,579%.

Riccardo Di Pasquale, CEO and founder of Fenix Entertainment, commented: “We are more than proud of the results achieved. In a particular historical period, which has seen some sectors like ours favoring only if faced with new products that can also be used with new media, we have been able to confirm our trend of strong development and incessant growth, thanks to the commitment of great professionals who are the backbone of our company. The increase reported on all items in the income statement and the improvement in the financial position attest to the ability to manage a growth that has seen the birth of new important projects month after month. During this period we have also dedicated ourselves to strengthening our organization with new professionals of great value who have joined the Company. We can confirm the goodness of our business model, the strong reactivity that distinguishes us and the ability to control the production chains “.

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