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Cineworld reports 1.5% revenue increase in 2011

UK’s second-largest cinema chain maintains 24.6% box-office market-share.

UK cinema chain Cineworld has released its preliminary results for 2011, with the company reporting a year-on-year 1.5% total revenue increase.

The cinema chain reports a 2.7% net increase in box office but ‘other income’, which includes screen advertising income and 3D glasses sales, was down a significant 4.4%.

The company’s marketshare was consistent with 2010 at 24.6% while retail revenue was broadly flat at 0.1%.

75% of Cineworld’s 811 screens are digital. The company expects to be fully digital by summer of this year.

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