MUMBAI: Multiplex operator Cinemax India has posted a consolidated net profit of Rs 40.9 million for the three months ended 31 December, down 61.74 per cent from Rs 106.9 million in the year-ago period.
Income from operations dropped marginally by 4.43 per cent to Rs 574 million during the quarter under review, compared to Rs 600.6 million a year ago.
Total expenditure surged 10.96 per cent to Rs 512.2 million, as against Rs 461.6 million. Profit before tax (PBT) stood at Rs 44.6 million, as against Rs 121.6 million in the year-ago period.
The company at present has 32 properties with 101 screens while it plans to open eight more properties in fiscal 2010-2011 with 35 screens.
Cinemax earned revenue of Rs 633.1 million from theatrical exhibition and entertainment, as compared to Rs 674.6 million a year ago. It posted an operating profit of Rs 52.6 million (from Rs 129.5 million) in the quarter. Capital deployed in the segment was Rs 2.12 billion.
