Movie chain operator Cineworld’s group revenue up 8.3%

Company operating 226 cinemas with 2,155 screens plans to add 13 new sites this year

‘The Jungle Book’   was  a  big hit for Cineworld  in 2016, along with ‘Star Wars: Rogue One’ and ‘Fantastic Beasts’

‘The Jungle Book’ was a big hit for Cineworld in 2016, along with ‘Star Wars: Rogue One’ and ‘Fantastic Beasts’

 

Cinema operator Cineworld Group said full-year group revenue rose 8.3 per cent on a constant currency basis as movies such as Star Wars: Rogue One, Fantastic Beasts and Where To Find Them, and The Jungle Book drew record number of viewers to its screens.

Cineworld said group box office revenue for the year ended December 31st grew 7 per cent while admissions rose in its key UK and Ireland market and also in others including Poland, Hungary, Israel, Romania, the Czech Republic, Bulgaria and Slovakia.

The company, which operates 226 sites with 2,115 screens, said it would add 13 new sites in 2017 with six opening in the UK and seven in other markets.

Separately, the company promoted deputy chief financial officer Nisan Cohen to chief financial officer with immediate effect.

– (Reuters)