Cinemax posts net profit of Rs 79.9 million


MUMBAI: Exhibition theatre chain Cinemax India Limited has posted a consolidated net profit of Rs 79.9 million (Rs 7.99 crores) for the period ended on September 30, 2007.


The company achieved consolidated gross income of Rs 278.2 million (Rs 27.82 crores) for the same period. Profit Before Tax stood at Rs 120.1 million (Rs 12.01 crores).


Footfalls at Cinemax were up by 16 per cent this quarter to 16.58 lakhs from 14.32 lakha in the previous quarter. The company has registered an EBITDA of Rs 169.8 million (Rs 16.98 crores) on consolidated basis, which accounted to 33 per cent of the total revenues.


Cinemax India Ltd chairman Rasesh Kanakia said, “We have had a very encouraging quarter with a growth of 16 per cent. As on date we have spread our presence to Himmatnagar, Gujarat and Guwahati, Assam and Panipat, Haryana. We are scheduled to launch three – four new properties this Diwali.”