Cineworld Group (CINE) has updated that trading for its half year ended 26th June 2014 “has been in line with our expectations” and that, “taking into account the strength of film line up in the second half, we are on track with our plans for the year as a whole”.
This follows pro forma (reflecting the 28th February completed acquisition of Cinema City) box office revenues increasing by 1.5% in the period (admissions up by 1%), retail spend per person increasing by 2.6% and ‘other income’ declining by 2.5% (though excluding phasing effects of distribution incomes being 3.2% higher).
It was noted that “in the final weeks of the half, as expected, admissions in certain countries have been lower due to the World Cup”
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