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Interim Results

Cineworld revenues rise

10 August 2017 07:27

Cineworld Group's revenues rose to £420.2m in the six months to the end of June - up 17.8% on a statutory basis and 12.4% at constant currencies.

UK & Ireland saw revenue growth of 11.5% while ROW revenue growth was 28.7% on a statutory basis and 13.7% on a constant currency basis, with double digit growth in Israel, Poland, Romania, Bulgaria and Slovakia.

Pre-tax profits were up 57.5% on a statutory basis at £48.2m while adjusted pre-tax profits rose by 22.4% to £50.2m.

Adjusted diluted EPS increased by 21.3% to 15.4p and group declared an interim dividend of 6.0p - up 15.4%.

Chief executive Mooky Greidinger said: ""We are very pleased to report our results for the first half of 2017 - showing strong growth in admissions, revenues, EBITDA and profit after tax.

"I believe that the six months results clearly reflect our strategy and a good quality of film slate.

"Our strategy is based on our strong belief in the cinema experience, emphasising our efforts on creating our cinemas in a way that will give our customers 'the best way to watch a movie'."

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Related Company: CINE

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