Cineworld lifted by Cinema City revenue growth

Cineworld has reported a 33 per cent bump in revenues during the first half of the year, after its £900m takeover of European chain Cinema City.

Total revenues, including from Cine­ma City, reached £268.6m with profits adjusted for the costs of the takeover rising 46.2 per cent to £25.3m.

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“We are pleased to announce solid first-half results and strong cash generation following the successful combination of Cineworld and Cinema City. The group continues to maintain its leading market positions in all of the territories in which it operates,” said chief executive Moshe Greidinger.

“There is a strong film lineup for the second half of the financial year in­clu­d­ing key titles; Guardians of the Galaxy, The Hunger Games: Mocking­jay, and the final instalment of The Hobbit.”