Home Business NewsBusiness Star Wars, Dunkirk boost Cineworld’s full-year profits

Star Wars, Dunkirk boost Cineworld’s full-year profits

by LLB Reporter
15th Mar 18 10:29 am

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Shares in Cineworld rose 3.5 per cent today after it announced that its full-year revenue increased 11.6 per cent amid blockbusters like “Beauty and the Beast”, “Dunkirk” and “Star Wars: The Last Jedi”.

The group reported an 11.6 per cent rise in revenue to £890.7m in the year to December 31, with pre-tax profit growing 22.7 per cent to £120.5m.

Meanwhile, revenues at its screens in the UK and Ireland rose 6.2 per cent to £525m.

Chief executive Mooky Greidinger also said the company was confident that the “transformative acquisition” of Regal would be successful. In December, Cineworld had bought US cinema chain Regal Entertainment, which owns 561 theatres with 7,315 screens, in a deal to create the world’s second biggest movie theatre operator.

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