Pinewood Shepperton first-half profit up

August 28, 2008 U.K. studio facilities behemoth Pinewood Shepperton posted solid interims despite the global economic downturn, but warned that the ongoing SAG dispute could have a major impact on fortunes for the group in the months to come. Pinewood Shepperton, listed on the stock exchange here, told markets that its pretax profits rose to 3.8 million pounds ($7 million) for the six months ending June 30, up from 2.9 million pounds from the same period in 2007. The uptick means shareholders enjoy a 5% increase in the group's interim dividend and can rest easy knowing that the board secured a five-year banking facility of  70 million pounds ($128 million) in August to fuel its expansion ambitions.

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