DQ Entertainment PLC Indian subsidiary quarterly -2-

For further information, please visit www.dqentertainment.com or contact:

 
 DQ Entertainment plc                              Tel: [phone] 
  Tapaas Chakravarti - Chairman and CEO 
  Rashida Adenwala - Director Finance & Investor 
  Relations 
 Allenby Capital Limited                           Tel: [phone] 
  Jeremy Porter / Alex Price                        5656 
 Buchanan Communications                           Tel: [phone] 
  Mark Edwards/Clare Akhurst                        5000 
 

www.buchanan.uk.com

Below is an extract from the unaudited financial results of DQE India for the quarter ended 30 June 2014. The full unaudited results are available from the DQE India secton of the BSE website (www.bseindia.com) and NSE website (www.nseindia.com), as well as on DQE's website (www.dqentertainment.com).

 
 DQ ENTERTAINMENT (INTERNATIONAL) LIMITED 
  Un-Audited Consolidated Financial Results for the quarter ended 
  30 June 2014 
---------------------------------------------------------------------------------------------------------------------- 
                                                                                                       (Rs in million) 
---------------------------------------------------------------------------------------------------------------------- 
 Sl.   Particulars                    For Quarter         For Quarter            For Quarter           For Year 
                                       ended               ended                  ended                 ended 
  No                                   30 June             31 March               30 June               31 March 
                                       2014                2014                   2013                  2014 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
                                     (Un-Audited)         (Un-Audited)           (Un-audited)         (Audited) 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 1     Net Income from Operations              206.37           1,018.27                   304.25           2,396.79 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 2     Expenditure 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 a     Production Expenses                       21.51                156.92                 16.49            192.50 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 b     Employee Expenses                       166.39                 133.49               202.22             719.56 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 c     Other Expenses                            50.85                217.22                 63.43            481.54 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Depreciation, Amortisation 
 d      and Impairment                           76.25                263.34                 90.85            552.99 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Foreign exchange loss / 
 e     (gain)                                     3.92                  92.12             (183.96)           (234.62) 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Expenses transferred to 
       Capital 
 f     Account                                 (41.72)                  (0.35)                    -             (0.35) 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Total Expenses [2a to 2f)]             277.20                 862.74               189.03          1,711.62 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit from 
       Operations 
       before Other Income, 
       Interest 
       and Finance expense and 
       Exceptional 
 3     Items [ 1 -2 ]                          (70.83)                155.53               115.22             685.17 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 4     Other Income                               4.16                    3.30                 2.50             14.47 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit before 
       Interest 
       and Finance expense and 
       Exceptional 
 5     Items [ 3+ 4 ]                         (66.67)                158.83               117.72             699.64 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Interest and Finance 
 6     Expenses                                  75.46                  66.64                50.19            251.65 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit after 
       Interest 
       and Finance expense but 
       before 
       Exceptional Items. [ 5 - 6 
 7     ]                                    (142.13)                   92.19                67.53            447.99 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 8     Exceptional items                             -                       -                    -                  - 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit from 
       Ordinary 
 9     Activities before tax                (142.13)                   92.19                67.53            447.99 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 10    Less: Tax expense                       (21.56)                (54.38)                  1.21             20.29 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit from 
       Ordinary 
       Activities after tax 
 11    [ 9 - 10 ]                           (120.57)                 146.57                 66.32            427.70 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 12    Extraordinary Item                            -                       -                    -                  - 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       (Loss) / Profit for the 
       period 
 13    [11-12]                              (120.57)                 146.57                 66.32            427.70 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Paid-up equity share 
       capital 
       [Face value Rs.10 per 
 14    share]                                  792.83                 792.83               792.83             792.83 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       Reserves excluding 
       Revaluation 
       Reserves as per balance 
       sheet 
 15    of previous accounting year                   -              -                     -                 4,249.16 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 16    Earnings Per Share [Face 
       value 
       Rs.10 per share] 
       (not annualised/ in `) 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       a) Basic                                  (1.52)                   1.85                 0.84               5.39 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       b) Diluted                                (1.52)                   1.85                 0.84               5.39 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 
 17    Public Shareholding 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       a) Number of Shares               19,820,782          19,820,782               19,820,782        19,820,782 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       b) Percentage of 
       shareholding                         25%                   25%                   25%                 25% 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       c) Shares held by                          -                       -                       -               - 
       custodians 
       against depository receipts 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
 
 18    Promoters and Promoter 
       group 
       Shareholding 
----  ----------------------------  -------------------  ---------------------  -------------------  ----------------- 
       a) Pledged / Encumbered -         17,838,000                          -                    -                  - 
       No. 
       of Shares