5th Sep 2018 10:00
LONDON (Alliance News) - Everyman Media Group PLC on Wednesday reported increased interim profit and revenue as admissions and spending in its cinemas increased in the first half of 2018.
In the six months ended June, the UK cinema chain increased its pretax profit by 79% to GBP1.4 million from GBP783,000.
Revenue increased 32% to GBP24.9 million from GBP18.8 million the year before. Everyman's market share increased to 2.5% in the period, up from 2.0% the year before and 2.1% at the end of 2017.
Admissions at Everyman increased 29% in the first half to 1.3 million from 1.0 million. The average price of a box office ticket increased 0.4% to GBP11.28 from GBP11.24 with food & beverage spending per head increasing 5.3% to GBP6.14 from GBP5.83.
Everyman did not declare an interim dividend - or for the year prior - at this "stage in the company's development".
The cinema owner said it trading since the period ended has been in line with expectations - reflecting a "solid summer in the cinema market".
Everyman has "committed" to a further 15 venues, with a "continually evolving pipeline beyond", looking to "substantially" increase its 22 venues and 69 screens.
Shares in Everyman were up 3.7% Wednesday at 226.00 pence each.
Related Shares:
Everyman Media