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MUMBAI: Multiplex chain operator Fame India Ltd (Fame),
which is in the news for a corporate battle between
Reliance MediaWorks and Inox Leisure, has curtailed
its first-quarter net loss as its revenue jumped 139.4
per cent.
The
net loss for the three months ended June 2010 stood
at Rs 36.62 million, as against a net loss of Rs 95.34
million a year ago.
The
company noted that "figures for the quarter are
not strictly comparable with the corresponding three-months
in the previous period, on account of business interruption
due to strike called by the united producers and distributors
forum in the June quarter and on account of the service
tax on rentals."
Total
income was at Rs 389.03 million, compared to Rs 162.51
million in the earlier year as movies were unavailable
for release.
Meanwhile,
total expenditure of the company increased to Rs 405.02
million, as against Rs 246.54 million in the previous
fiscal.
The
theatrical exhibition segment suffered an operating
loss of Rs 4.05 million in the quarter as against an
operating loss of Rs 74.53 million. Revenue from the
segment was Rs 377.52 million, up from Rs 157.15 million
a year ago.
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