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Cinemax grosses Rs 1 billion in FY'07
 

Indiantelevision.com Team

(9 June 2007 6:30 pm)

 

MUMBAI: Multiplex chain Cinemax India Limited has posted a consolidated net profit of Rs 114.8 million for the fiscal ended 31 March 2007.

The company's turnover stood at Rs 1.02 billion while profit before tax (PBT) was at Rs 172.9 million.

On a standalone basis, Cinemax has recorded a 163 per cent jump in total income to 710.5 million while profit before tax was at Rs 107.7 million.

Cinemax has recommended a dividend of 15 per cent on pro rata basis.

"Cinemax has achieved significant increase in footfalls this financial year up by 142 per cent from 3.67 million to 5.2 million," the company said in a release.

Said Cinemax India chairman Rasesh Kanakia, "Over the next two years we plan to reach 49 locations housing 165 screens and 42000 plus seats as we strive to continue to invest in developing world class theatre properties across the country."

Cinemax has 38 screens spread over 12 locations across the country.

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