iWorld
UFO Moviez reports increase in numbers for first quarter
BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 24.2 percent year-over-year (y-o-y) growth in advertising revenue for the quarter ended 30 June 2016 (Q1-18, current quarter). The company reported advertising revenue of Rs 493 million in Q1-18 as compared to Rs 39.7 million in the corresponding quarter of the previous year (Q1-17). Average advertisement minutes sold per show per screen decreased to 4.65 minutes (Q1-17 – 3.97 minutes) during Q1-18.
The company’s consolidated operating revenues improved by 13.9 percent y-o-y in Q1-18 to Rs 1536.8 million (Q1-17 – Rs 1,349.3 million). EBIDTA increased 10 percent y-o-y in the current quarter to Rs 408.6 million (26.5 percent of Total operating income) as compared to Rs 371.5 million (27.4 percent of Total operating income). Profit for the period almost doubled to Rs 140.2 million (9.1 percent of Total operating income) as compared to Rs 70.8 million (5.2 percent of Total operating income).
Company speak
“We delivered healthy operating and financial performance in the first quarter of fiscal 2018,”said UFO Moviez joint managing director Kapil Agarwal. “Our advertisement revenue grew by 24 percent despite continuing impact of demonetization and roll out of GST. Our hyperlocal advertisement business – UFO Framezcontinued to witnesshealthy traction.Caravan Talkies also witnessed marked improvement during the quarter.”
“Our advertisement network surpassed 4,000 screens with over 1,000 multiplex screens. Our performance continues to reflect the strength of this in-cinema advertising platform,” said founder and managing director Sanjay Gaikwad. “We are also excited about the future of our strategic initiatives – Caravan Talkies and UFO Framez. Going forward, we believe that there is significant headroom for growth and we remain confident that our strategic focus, strong execution and proficient team will continue to drive market leading performance.”
Let us look at the other numbers reported by UFO Moviez
Total Expense in Q1-18 increased 15.6 percent y-o-y to Rs 1,135.4 million from Rs 982.4 million in Q1-17. Ad revenue share (expense) in Q1-18 increased 24.9 percent y-o-y to Rs 151 million from Rs 120.9 million in the corresponding quarter of the previous year. Visual Print Fees sharing expense in Q1-18 declined 24.5 percent y-o-y to Rs 138.8 million from Rs 183.9 million in Q1-17.
The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter increased 77.5 percent y-o-y to Rs 244.4 million as compared to Rs 137.7 million in Q1-17.
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eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
