Updates

Cineworld

October 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares leapt to a new high as Cineworld’s interims came in ahead of forecast. Adjusted pretax profit rose 74% to £39.3m with eps increasing 45% for the six months ending 2 July and it would have been even better but for the strong pound.Revenues increased almost 23% to £329m, with box office takings rising 21% to £217m, admissions jumping 25% to £345m and retail increasing 24% to £76.5m. Growth came thanks to a strong showing from blockbuster films such as Fifty Shades of Grey, Fast and Furious 7 and Jurassic World, all of which broke box office records.Five new multiplex cinemas opened in H1 (four in UK, one in CEE/ Israel) with a further 14 due to open in H2 (six in the UK, eight in m ...

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