
The two and a half million pounds profit government has gained by selling its shares in Pinewood will go into reserves.
However, Treasury Minister Eddie Teare insists the partnership with the film company will continue to grow.
Government has reduced its holding in Pinewood plc from just under ten per cent to almost five per cent, yielding a return of £7.6 million and a net profit in the region of two and a half million pounds.
Mr Teare says the deal does not reflect on the merits of investing in the company, nor the state of the film industry.
Clip 1
Ramsey Minor Injuries Unit to reopen next week
Noble's Hospital pressure eases after OPEL 4 alert
Survey aims to identify spending, shopping and consumer behaviour trends
'Last resort' to charge people for inadvertently starting fires
Mayor of Douglas to use second term to support 'social infrastructure' across city