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Cineworld's half yearly profits jump 24%

Cineworld said it sold more tickets at higher prices in the first six months of the year
Cineworld said it sold more tickets at higher prices in the first six months of the year

Cineworld Group's pre-tax profit rose 24.1% as the British cinema chain sold more tickets at higher prices.

The company said said pre-tax profit for the 26 weeks to the end of June rose to £16.5m sterling from £13.3m a year earlier.

Cineworld last month reported a 21.9% rise in first-half group revenue due to a growth in the average ticket price and an increase in admission levels.

Cineworld, which runs more than 80 sites across Britain and Ireland, said trading was ahead of last year but added that it will have a comparatively tougher fourth quarter this year due to the success of the James Bond "Skyfall" movie last year.