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Civilian Content's doing better


- The company has just reported an improvement of its pre-tax loss thanks to a restructuring plan and a reduction in operating costs

The film and TV group Civilian Content, owner of the National Lottery franchise, the Film Consortium and the UK sales arm The Works, has just reported a 68% improvement of its pre-tax loss for its half-year results ending June 30 2002.
The company, listed on the UK’s Alternative Investment Market (AIM), managed to cut its pre-tax losses by £550,000 (Euros825,000) from the £800,000 (Euros1.2million) it reported for the first semester of 2001 to £250,000 (Euros375,000) for the same period in 2002, thanks to a restructuring plan and a 27 per cent reduction in operating costs.
Last year, following year end pre-tax losses of £5.2m (Euros7.8million) Civilian Content focused less on development and production and more on co-financing feature films with strong international potential. The company also replaced its managing director, Richard Holmes, with Chris Auty.
. The sales arm The Works is handling titles that include the New Zealand/German co-production Whale Rider by Niki Caro (Memory & Desire) that won the People’s Choice Award at the last Toronto Film Festival and is currently in competition in San Sebastian.

(The article continues below - Commercial information)
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