Cineworld total revenue rises 1.1 per cent
Cinema chain Cineworld reported a 1.1 per cent increase in revenue during the 26 weeks ended June 28 and remains confident of delivering growth for the year as a whole in line with current market expectations.
Cinema chain Cineworld reported a 1.1 per cent increase in revenue during the 26 weeks ended June 28 and remains confident of delivering growth for the year as a whole in line with current market expectations.
Box Office revenue climbed 4.1% on the back of a higher average ticket price and marginally lower admission levels; down 0.8%. Total retail revenue fell 2.1% after marginally lower spend per person.
Other Income fell 18.7% due primarily by the removal of the booking fee, as well as lower sales of 3D glasses. Cineworld's box office market share was at 24.7% compared to 24.9% in 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Screen advertising revenues, which make up over half of "Other Income", were down 10.9% from the previous year, reflecting the general trend in the wider advertising market, and the anticipated focus of advertising on the European football championships, the group explained.
Looking ahead to the second half of the financial year, Cineworld's plans to open a new seven screen cinema in Aldershot and the conversion of its digital projection estate by the end of the summer are all progressing on schedule.
Cineworld added: "While the timing of the Olympics is expected to add to the challenges of a tough third quarter comparative, the film line up has strong 3D product in the second half, which includes 'The Amazing Spiderman', 'Ice Age 4' and 'The Hobbit' and is matched by an exciting range of 2D films including 'The Dark Knight Rises', the concluding film of the Twilight series 'Twilight Saga: Breaking Dawn (part 2)' and the next Bond title 'Skyfall'."
"As a result we remain confident of delivering growth for the year as a whole in line with current market expectations."
CJ
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
1,000 children hold over £100,000 in a junior ISA – how to grow tax-free nest egg for your child
Junior ISAs can be a tax-efficient way to grow a nest egg for your child. We explain how they work
-
How to start investing: a beginner’s guide
Getting started in investing is a great way to make your money work harder for you over the long term, as investments tend to outperform cash savings