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Kinowelt increases year-on-year annual profits and revenues by more than a third

Germany's Kinowelt Group has increased its year-on-year annual profits and revenues by more than a third as business boomed in all of its divisions in 2006. A year ago, managing director Bertil le Claire forecast a 21% growth in turnover to $115m (Euros 95m) for 2006, but the Leipzig-based company performed even better, reporting annual profits of Euros 4.9m (+37.6%) on revenues of Euros 106.8m (+35.5%). Kinowelt's home entertainment division remained the group's ...

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