PVR FY’11 net revenue up fivefold to Rs 81.8 mn

MUMBAI: Delhi-based multiplex major PVR’s consolidated net profit for
the fiscal ended 31 March has jumped fivefold to Rs 81.8 million, as
it got a boost of Rs 78.6 million from its share of minority interest.

The company, which has interest in movie exhibition and production
business, had posted a net profit of Rs 13.5 million in the previous

With a focus on film exhibition business, PVR has plans to launch over
54 screens this fiscal.

The total income of the company during the fiscal jumped 36.22 per
cent to Rs 4.61 billion, from Rs 3.38 billion in the year-ago.
Meanwhile, expenses also grew 31.23 per cent to Rs 4.4 billion.

The movie exhibition segment saw a 682 per cent jump in net profit to
Rs 204.1 million in the fiscal compared to a net profit of Rs 26.1
million in the earlier year. The revenue from the segment was Rs 3.81
billion (from Rs 3.03 million).

The movie production and distribution segment suffered an operating
loss of Rs 206.1 million (from Rs 90.4 million), while income from the
segment stood at Rs 748.9 million.

The company said that it entertained around 19.6 million patrons
during FY 2010-11, 21 per cent higher than previous year.

The average ticket prices grew from Rs 152 to Rs 162 (7%) during the fiscal.

Advertising and royalty income during the year under review was Rs
508.8 million as compared to Rs 370.8 million in the year-ago period.

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