Movies

Pyramid Saimira Q4 net loss widens to Rs 853.72 million

MUMBAI: Pyramid Saimira Theatre Ltd (PSTL), which is under the Sebi (Securities and Exchange Board of India) scanner for a forged open offer letter, has posted a net loss of Rs 853.72 million for Q4 ended 31 March 2009, compared to a net loss of Rs 31.12 million a year ago.

PSTL‘s turnover has been clobbered in the fourth quarter which has reported an income of Rs 590.93 million from its exhibition business, as against Rs 1.84 billion in the corresponding period of the previous fiscal. In the food and beverages segment, the company earned Rs 215.97 million from food and beverages as against Rs 614.88 million a year ago.


“During the quarter, the company had 248 screens and through which 16.86 million tickets were sold, with an Arpu (average revenue per user) of Rs 47.86 at an occupancy rate of 32.35 per cent,” PSTL said in a release.


The company, which has been dogged by controversies, said that the board has approved the extension of the financial year to 15 months up to 30 June 2009.


Additionally, issues related to income tax, increase in leakage rate, recession and strained working capital finance has cost Pyramid Saimira dearly.


For the 12-month period ended 31 March 2009, the company reported a net loss of Rs 1.38 billion, as against a net profit of Rs 578.74 million a year ago.


Income from exhibition came down to Rs 5.24 billion as against Rs 5.50 billion in FY‘08. Expenses of the company rose to Rs 6.62 billion as against Rs 6.46 billion in the year ago period.


Meanwhile, the company has disclosed that it has sustained serious losses in its DTH business in Europe, as it could not sustain operations due to the worsening of Europe consumer spending power. However, as a JV partner in the business, the company has “conservatively decided to write off its investments from its books" during the fourth quarter of FY‘09.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/after-ever-after_1.jpg?itok=edl5LsUU
Five Indian films to be screened at Hollywood CineFest

Indian films After Ever After by Rakesh Kumar has been selected for the Hollywood International CineFest being held this month.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/tubelight.jpg?itok=RlPpBJ0u
Tubelight.... Betrays fans' faith

Tubelight is a slang used generally to refer to a person who is a slow-starter, takes time in grasping matters like jokes or a simple statement. In the film, Tubelight, Salman Khan's character, is described as such by one and all because nothing seems to get into his head. But, as the story unfolds...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/21/epic.jpg?itok=ctvWJiAq
Lesser-known facts about Indian cinema in new series on EPIC

A total of 24 lesser-known milestones and creatives of Hindi as well as regional cinema will be the highlight of a new series on Indian cinema on the Epic TV channel.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/19/phullu_0.jpg?itok=dBmI2GaS
No takers for films sans merit or promotion

The drought continues despite a number of new films releasing. The thing is, the films released in last three weeks lacked in face value and promotion. Cinema halls continued with their suicidal approach of sticking to the high admission rates. It does not impact the merit and face value of a film.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/19/Kishore%20Lulla%20and%20Necati%20Sasmaz.jpg?itok=-xR7wdf9
Eros International signs co-production deal with Turkish co Pana Film

MUMBAI: Eros International Media, a global company in the Indian film entertainment industry, has announced two Indo­-Turkish co-productions with Pana Film, a leading Turkish film studio owned by Turkish actor Necati Sasmaz, known for playing the lead role of Polat Alemdar in Turkey's...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/16/phullu_0.jpg?itok=6JvEBXvp
Phullu.....One for social cause

India is the flavour of the season. Be it biopics or social messages. The first awkward moment for the family audience was when bra panty underwear ads went online. Long ago, some makers ventured into bridging the gap between communities by depicting inter cast and inter class romance. The condom...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/13/NFAI-Story.jpg?itok=KuveZKHc
Rs-500m film digitisation, sound restoration & software RFPs to be floated in '17-18

NEW DELHI: Noting that substantial under-utilisation of funds under the National Film Heritage Mission has reflected in the overall idling of fund in the film sector as a whole during 2016-17, a Parliamentary Committee has asked the information and broadcasting ministry to ensure optimal...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/chanpion.jpg?itok=zRh8SM4W
Ramzan or Champions Trophy can't be an excuse for dull period at box office

With the kind of films being made which find their way to the cinema halls, one can’t blame the dull period at the box office to the fasting month of Ramzan when the Muslim audience keeps away from entertainment or the Championship Trophy 50 over matches being played in England.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/Meryl%20Streep.jpg?itok=hyA6SrTs
Reliance, Universal & eOne to distribute Fox-Amblin's Spielberg movie 'The Papers'

MUMBAI: Twentieth Century Fox and Amblin Entertainments' riveting drama inspired by actual events, 'The Papers' began principal photography in New York recently. Internationally, the film will be distributed through Amblin’s deals with Universal Studios, Reliance Entertainment, eOne and other...

Movies International

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories