Cineworld hit by World Cup but given boost from the 3D film revolution

CINEWORLD saw a fall off in the number of filmgoers in the first half of the year because of the World Cup but said the popularity of 3D films was helping to boost the business.

Despite the drop in admissions, the company recorded pre-tax profits of £11.8m in the
first half of the year up from £11.6m in the first-half last year.

Chief executive Stephen Wiener said: “We are pleased to announce good growth in first half revenues and ebitda despite the impact of the World Cup which, as anticipated, resulted in a quiet June.”

He added: “The second half of the financial year has started strongly for the Group, with an excellent range of blockbusters and 3D films.”

The firm said the fourth quarter looks equally strong and brings an exciting line up of releases with titles such as “Wall Street: Money Never Sleeps” and “Little Fockers.”

More than 20 per cent of its box-office revenues were from 3D movies.