PVR posts Q3 net profit of Rs 89 mn

MUMBAI: Delhi-based multiplex major PVR has reported a consolidated net profit of Rs 89.2 million for the three-month period ended 31 December 2011, compared to a net loss of Rs 132.6 million in the corresponding quarter of the previous fiscal.

Total income went up marginally by 4.01 per cent to Rs 1.39 billion, from Rs 1.34 billion in the year-ago period.

The company said that during the quarter it had 6.6 million footfalls in its cinemas, up 28 per cent from the corresponding quarter of last fiscal.

Admissions revenue jumped 15 per cent while food and beverage revenues have shown a growth of 40 per cent. Advertising and sponsorship revenues, too, went up 26 per cent over the corresponding period last year.

Meanwhile, total expenditure of the company declined 9.88 per cent to Rs 1.23 billion, as against Rs 1.37 billion a year ago.

The movie exhibition business saw a segment profit of Rs 164.4 million in the quarter as compared to a profit of Rs 142.6 million in the year ago period. The revenue from the segment was Rs 1.26 billion (from Rs 1.03 billion).

PVR deployed a capital of Rs 3.88 billion on the movie exhibition segment, as of 31 December 2011.

In the movie production and distribution segment, the company registered a segment profit of Rs 4.9 million, compared to a loss of Rs 178.2 million a year ago. Revenue from the segment stood at Rs 102.5 million (Rs 302.5 million in the year ago).

Capital deployed on the segment was Rs 1.07 billion, as of 31 December.

Shares of PVR closed 5.71 per cent down at Rs 138.90 on the BSE.

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