Cineworld first half revenue jumps 10.5 per cent

3rd Jul 2013 08:21

Cinema chain Cineworld said it expects momentum to continue into the third quarter as it posts a 10.5 per cent increase in first half revenue.The group reported a 10.4% rise in box office revenue during the half year, helped by a 4.6% increase in the average ticket price and a 5.5% rise in admission levels.Cineworld said it expects the positive start to the year to continue into the third quarter and it remains confident of delivering growth for the year as a whole in line with current market expectations."We expect the positive start to the year to continue into Q3 where there are weaker comparatives due to the impact of the London Olympics on scheduling last year. By contrast there is a tougher Q4 comparative due to the phenomenal success of Skyfall," the group said in a company statement.The film line up during the second half of the year has include Despicable Me 2, Monsters University, The Wolverine and the second instalment of the The Hobbit trilogy: The Hobbit: The Desolation of Smaug.CJ