Cineworld H1 profit lights up

20th Aug 2009 07:29

Cinema operator Cineworld served up an increase in half year pre-tax profit and said the second half has started very well.Profit before tax increased to £11.6m for the 27 week period ended 2 July 2009 from £8.7m the year before. EBITDA was up 12.1% to £24.1m while revenue for the period was up 18.2% to £161.9m.Box office receipts increased 24.3% at £111.4m. The Interim dividend has been maintained at 3.2p per share.Commenting on these results Chief Executive Officer Stephen Wiener said, "This is a very good set of results which has been achieved despite an extremely challenging consumer environment.""The second half has started very well for the Group and there are some exciting new film releases ahead of us in the remainder of the year and beyond."