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Cinema operator Cineworld’s profit doubles to £67.3m

Full-year revenues climb 52.5% as operator predicts strong year

Jennifer Lawrence in The Hunger Games: Mockingjay Part I. The sequel is expected to be one of the biggest films of the year
Jennifer Lawrence in The Hunger Games: Mockingjay Part I. The sequel is expected to be one of the biggest films of the year
Thu Mar 12 2015 - 07:55

Cineworld Group’s full-year pretax earnings more than doubled, helped by higher box office revenue.

Britain's largest cinema operator, which also operates in Ireland, said its pre-tax profit jumped to £67.3 million for the 53-weeks ended January 1st, from £30.9 million a year earlier.

Revenue rose 52.5 per cent to £619.4 million.

The company said 2015 had the makings of a strong year with the movies coming up including the Bond film Spectre, the fourth and final Hunger Games movie The Hunger Games: Mockingjay Part 2 and the latest Star Wars film, Star Wars: Episode VII.

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Reuters