Entertainment Distribution Co. Q4, 2007 Revenue Up6 Mar, 2008 By: Billy Gil
Entertainment Distribution Co., a manufacturing and distribution provider, reported Q4 (ended Dec. 31) revenue of $123.8 million, up from $119.8 million during the same period in 2006. Yearly revenue in 2007 was at $384.6 million, compared to $348.5 million in 2006.
The gain was due mostly to the impact of favorable exchange-rate fluctuations from international operations, according to the company. Jordan Copland, interim CEO and CFO, said Entertainment Distribution benefited from acquiring a manufacturing facility in Blackburn, U.K., as well as new business and increased cost controls.
“The past year was a challenging period as we continued to face a difficult macro industry environment,” Copland said.