Left Bank Pictures has reported pre-tax profits of £1m for the nine months to 31 March 2013 after it was acquired by Sony Pictures Television (SPT) for £40m last year.

In accounts published on Companies House, the indie has shortened its accounting period to fall in line with its owners.

Left Bank, which produced crime drama Wallander, reported pre-tax profits of £1.05m for the nine month financial period. Previously, pre-tax profits hit £3.98m in the full year ending 30 June 2012.

Turnover during the nine months to 31 March 2013 stood at £19.21m. In its previous full year accounting period, sales reached £44.85m.  

The indie, which employs 24 staff, saw staff costs increase during the nine months, with wages and salaries reaching £2.12m, up from £1.72m for the 12 months to 30 June 2012.

Left Bank’s highest paid director took home a remuneration package of £206,250 during the period. This was down on last year, when one executive, believed to be Andy Harries, received £250,000.

In the documents published on Companies House, the company said it “will continue to focus on building and strengthening existing UK and overseas relationships with key commissioners and channel controllers, appreciating and valuing their business, is important to our success. Continuing to develop and grow in house talent remains a key component of our success”.