TITLE

EXHIB KINEPOLIS POSTS PROFIT DESPITE ILL 2003

AUTHOR(S)
Stern, Andy
PUB. DATE
March 2004
SOURCE
Daily Variety;3/22/2004, Vol. 282 Issue 61, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
International Cinema Chain Kinepolis Group performed better than expected in 2003. Although audiences figures fell 11.4% compared with 2002 to 24.2 million, consolidated net profit swung into the black, from a loss of $7 million in 2002 to a profit of $3.3 million for 2003. The turnaround has been attributed to intensive cost-cutting, increased prices of tickets and snacks, and a process of consolidation that saw the group shed major operations in Italy, Belgium and France.
ACCESSION #
12680337

 

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