Kinepolis Group achieves ? 6.3m net profit in first half
(Thomson Reuters ONE) - Regulatory releaseKinepolis ended the first half of 2009 with revenue of ? 100.7m,EBITDA of ? 21.5m and net profit of ? 6.3m. Earnings per share (EPS)rose from ? 0.68 to ? 0.94.Recurring EBITDA of ? 21.9m is up slightly on the first half of 2008.The effect of the 5.3% fall in admissions was offset by a combinationof better product mix, various revenue-supporting measures and costcontrol.With a much improved financial result thanks to lower net financialdebt and lower interest costs, recurring net profit rose by ? 1.3mfrom ? 4.7m to ? 6.0m.Free cash flow improved considerably thanks to better working capitalmanagement and lower interest payments and taxes.H1/2009 results were also affected by various non-currenttransactions: on the income side two-thirds of the capital gain onthe sale of the minority participation in CinemaxX (+?2.0m), on thecost side a provision for doubtful debtors, an impairment, arestructuring cost and a tax recovery totalling ? 1.6m. Last year thefirst half result consisted solely of recurrent items.http://hugin.info/133948/R/1337820/318939.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.08.2009 - 07:01 Uhr
Sprache: Deutsch
News-ID 5203
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