Windmill Lane eyes better outlook after hefty loss

The CEO of Windmill Lane Pictures, James Morris, said yesterday that there has been a real pick-up in his firm’s business in the second half of this year after “a difficult year in 2014”.

Mr Morris was commenting on new accounts which show that Windmill Lane Pictures Ltd recorded a €679,444 loss last year. The firm posted a loss of €273,137 in 2013.

However, Mr Morris said that the loss arose from large non-cash depreciation costs of €817,851 “and our cash position is strong”.