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Movie chain operator Cineworld's FY group revenue up 8.3 pct
January 11, 2017 / 7:38 AM / 10 months ago

Movie chain operator Cineworld's FY group revenue up 8.3 pct

Jan 11 (Reuters) - British cinema operator Cineworld Group Plc said full-year group revenue rose 8.3 percent on a constant currency basis as movies such as “Star Wars: Rogue One”, “Fantastic Beasts and Where To Find Them”, and “The Jungle Book” drew record number of viewers to its screens.

Cineworld said group box office revenue for the year ended Dec. 31 grew 7 percent while admissions rose in its key UK & Ireland market and also in others including Poland, Hungary, Israel, Romania, the Czech Republic, Bulgaria and Slovakia.

The company, which operates 226 sites with 2,115 screens, said it would add 13 new sites in 2017 with six opening in the UK and seven in other markets.

Separately, the company promoted deputy chief financial officer Nisan Cohen to CFO with immediate effect. (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)

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