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Last Updated: Wednesday, 25 August, 2004, 08:26 GMT 09:26 UK
Harry Potter helps studio profits
Harry Potter
Harry Potter helped the studio realise a rise in profits
Rent from studios used to make the fourth Harry Potter film has helped boost profits at Pinewood Shepperton film studios.

Profits at Pinewood Shepperton, which hires out studios, rose 15.8% to 6.7m ($12m) in the first half of the year.

The company, home to the James Bond films, was reporting its first interim results since it floated in May.

Proceeds from Charlie and the Chocolate Factory and the rental of the '007 stage also boosted profits.

Chief executive Ivan Dunleavy said he was confident about prospects and trading so far in the second half of the year is in line with expectations.

Pinewood Shepperton was formed after a management team bought Pinewood Studios from the Rank Group in 2000. It then bought Shepperton Studios in February 2001.

Chairman Michael Grade, who recently became the BBC's chairman, said the performance was slightly ahead of expectations.

The company is to build an underwater filming stage at Pinewood Studios and plans to extend existing workshops at Shepperton Studios.

The firm employs about 200 people.

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