Peace Arch Reports Q1 Results

TORONTO, April 1: Peace
Arch Entertainment Group has reported revenues of C$17.2 million for the first
quarter of fiscal 2008, up 52 percent on the year-ago period.

The company noted that the
gains were led by the home entertainment segment, following the acquisition of
Trinity in the U.S.

Despite the improved
revenue figures, the company posted a wider loss, of C$1.1 million, versus the
C$373,000 loss for the same period last year. Included in net loss was C$1.7
million of interest expense compared to C$822,000 in the same period last year.
The increase in interest expense is due to the increase in production loans,
and loan arrangement fees paid for new loan facilities in the quarter.

—By Mansha Daswani