MUMBAI: Multiplex chain operator Fame India Ltd (Fame), which is in the news for a corporate battle between Reliance MediaWorks and Inox Leisure, has curtailed its first-quarter net loss as its revenue jumped 139.4 per cent.
The net loss for the three months ended June 2010 stood at Rs 36.62 million, as against a net loss of Rs 95.34 million a year ago.
The company noted that "figures for the quarter are not strictly comparable with the corresponding three-months in the previous period, on account of business interruption due to strike called by the united producers and distributors forum in the June quarter and on account of the service tax on rentals."
Total income was at Rs 389.03 million, compared to Rs 162.51 million in the earlier year as movies were unavailable for release.
Meanwhile, total expenditure of the company increased to Rs 405.02 million, as against Rs 246.54 million in the previous fiscal.
The theatrical exhibition segment suffered an operating loss of Rs 4.05 million in the quarter as against an operating loss of Rs 74.53 million. Revenue from the segment was Rs 377.52 million, up from Rs 157.15 million a year ago.
