Cinemax Q1 net flat at Rs 11 million

MUMBAI: Multiplex operator Cinemax India has posted a consolidated net profit of Rs 11.1 million for three months ended 30 June, up just 1.83 per cent from Rs 10.9 million in the year-ago period.

Income from operations (after sales tax deduction) grew 29.20 per cent to Rs 601.7 million during the quarter under review, from Rs 465.7 million a year ago.
 
Total expenditure surged 29.96 per cent to Rs 570 million, as against Rs 438.6 million. Profit before tax (PBT) stood at Rs 5.1 million, as against Rs 5.9 million in the year-ago period.

Cinemax earned revenue of Rs 669.9 million from theatrical exhibition and entertainment, as compared to Rs 513.1 million a year ago. It posted an operating profit of Rs 23 million (from Rs 16.8 million) in the quarter. Capital deployed in the segment was Rs 2.34 billion.