Entertainment One on Tuesday reported a doubling in pre-tax earnings, despite a fall in overall revenues.

The Toronto-based producer and distributor posted underlying earnings before interest, taxes, depreciation and amortization for the first six months to Sept. 30 up 31% to $51.2 million.

Pre-tax profit doubled to $4.2 million, even as six-month revenue dropped 4% to $597.5 million, as higher TV revenues offset falling theatrical activity.

Box office revenues fell 36% to $151 million, compared to a year-earlier $236 million, as some releases were delayed into the second half of the year.

eOne released 134 theatrical titles in the first half, against 142 titles released in 2013.

TV revenues rose 20% to $152 million, underpinned by the success of the Peppa Pig franchise in the family and licensing business.

eOne is building its TV business in Canada, the U.S., the U.K. and Australia with recent moves, which includes the acquisition of Paperny Entertainment and Force Four Entertainment.

Home entertainment revenues were down, due to the shift from DVDs to digital sales.