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Revenues up at Cineworld
Cineworld Group has reported total revenues up by 6.5 percent on the previous year for the 43 weeks to 22 October.
Box office revenue was up by 10.9 per cent and retail by 5 per cent, although other income - mainly screen advertising revenue - saw a fall of 26.9 per cent. The figures come against a backdrop of what the company calls 'exceptional Q3 trading last year' due to the success of the blockbuster Mamma Mia.
The second half this year has so far seen large audiences drawn to Harry Potter and the Half Blood Prince, Ice Age3 in 3D, The Hangover and Up in 3D. Cineworld also confirmed that it will shortly be opening a 10 screen cinema in Aberdeen and a five screen cinema in Witney, Oxfordshire, increasing its estate to 77 cinemas and 790 screens. The two new theatres will be the first in the company to have digital projectors in every auditorium.
For the final quarter, Cineworld's film line-up includes 2012, A Christmas Carol, The Twilight Saga - New Moon, St. Trinian's 2, Sherlock Holmes and Avatar, which it believes will help the company to deliver continued growth for the full year.
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