Prime Focus to acquire UTV Software unit

Prime Focus to acquire UTV Software unit

>Post-production firm Prime Focus (Q, N,C,F)* announced that, it agreed to acquire the post-production business of UTV Software Communications, reports Business Line. 

Prime Focus, reported phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company reported 55.05% rise in profit to Rs 75.23 million from Rs 48.52 million, in the corresponding quarter last year.

Net sales for the quarter rose 56.09% to Rs 187.40 million, compared with the corresponding qu arter, a year ago.

Shares of the company declined Rs 4.5 , or 0.45%, to Rs 1005.25. The total volume of shares traded were 4,364 at the BSE.(Thursday ).

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