Cineworld makes a profit

CINEWORLD Group Plc has reported half year revenue up 17.8% off the back of strong performances from films such as Beauty And The Beast and La La Land reports Sky News.

The British cinema operator said group revenue was up to £420.2m, compared with £356.7m a year ago.

Box office revenue was up 17.7% to £267.2m for the half year ending 30 June and admissions increased by 10% to 50.7 million.

Mooky Greidinger, chief executive officer, said: “The film slate was strong and we saw a positive impact of our new openings in the prior year along with the improved results from our ongoing refurbishment programme.”

Highlights in the first half of the year were Beauty And The Beast, Guardians Of The Galaxy Vol 2 and The Fate Of The Furious. Oscar-nominated films such as La La Land also exceeded expectations in the UK.

The biggest titles of the summer include Dunkirk, Despicable Me 3 and Spider-Man: Homecoming; but still to come before the end of the year are Justice League, Paddington 2, Thor: Ragnarok, Kingsman: The Golden Circle and Star Wars: Episode VIII.

Popularity: 1% [?]

You must be logged in to post a comment Login