Cineworld's full year profits down 19%

Thursday 06 March 2014 15.12
Cineworld says its revenue for the year rose 13.2% to £406.1m
Cineworld says its revenue for the year rose 13.2% to £406.1m

Britain's largest cinema operator Cineworld Group said full-year pretax profit fell 19.3%, hurt by transaction and reorganisation costs related to a recent acquisition and a regulatory probe.

Cineworld said pretax profit fell to £30.9m in the year ended December 26, from £38.3m a year earlier. 

Revenue rose 13.2% to £406.1m at the only listed cinema chain in the UK.

Cineworld has one cinema in Ireland, located on Dublin's Parnell Street.