24th Nov 2015 08:12
LONDON (Alliance News) - Cinema operator Cineworld Group PLC on Tuesday said its pro-forma revenue rose in the first 46 weeks of its financial year, with good performances for its UK and Ireland and Central and Eastern Europe divisions.
The FTSE 250-listed company said its total pro-forma revenue growth for the 46 weeks to November 19 was 12%, with box office revenue up 11%, retail revenue up 13% and other sales up 16%. The pro-forma numbers include Cinema City, the central and eastern Europe-based business that Cineworld acquired in February 2014.
UK & Ireland revenue rose 11%, while Central and Eastern Europe and Israel revenue was up 13%.
Cineworld said it is has continued to deliver on its expansion plans in the second half, opening three new cinemas in the UK, four in Romania, two in Poland and one in Israel.
It remains confident in the film slate for the rest of the year, particularly with the recent release of 'The Hunger Games: Mockingjay Part 2' and the upcoming release of Star Wars: The Force Awakens', and is confident it will meet its full-year expectations.
Shares in Cineworld were up 0.1% to 535.9646 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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