Cinemark USA has reported that for the six month period ended June 30, 2001, revenues increased 9.8% to $398.4m compared to $362.8m for the same period last year.

EBITDA for the first six months of 2001 increased 23.8% to $71.9m from $58.1m in 2000. The company's net loss for the six month period in 2001 was $5.0m as compared to a net loss of $9.4m for the same period last year.

Lee Roy Mitchell, Cinemark's Chief Executive Officer, said, "' we have been able to increase the rate of growth in our EBITDA in excess of the level of our revenue growth. Our theatre managers were asked to improve their operating margins and they have met the challenge. We will continue to focus on savings opportunities and utilize the additional EBITDA to reduce our long-term debt.".

As of August 14, Cinemark had opened six new multiplexes with a total of 64 screens in four different countries and acquired one theatre (six screens) during 2001, bringing its total screen count to 2,969 in the United States, Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica and Colombia.

During the remainder of 2001, the company has five additional international theatre commitments (52 screens) and will open one domestic theatre (four screens) in Park City, Utah which will be the home of the Sundance Film Festival.