Mumbai: UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, today, announced its financial results for the quarter ended June 30, 2017.
Quarter ended June 30, 2017
Consolidated revenues grew by14.0% to ₹1,544 (Q1FY17 – ₹1,354) million. EBITDA increased by 10.0% to ₹409 (Q1FY17 – ₹372) million and PBT grew 60.5% to₹211 (Q1FY17 – ₹132) million.PAT was higher 82.7% to ₹137 (Q1FY17 – ₹75) million.
Advertisement revenuegrew 24.2%to₹493(Q1FY17 –₹397) million.Average advertisement minutes sold per show per screen increased to 4.65(Q1FY17 –3.97) minutes during the quarter.
“We delivered healthy operating and financial performance in the first quarter of fiscal 2018,” said Kapil Agarwal, Joint Managing Director. “Our advertisement revenue grew by 24% despite continuing impact of demonetization and roll out of GST. Our hyperlocal advertisement business – UFO Framezcontinued to witnesshealthy traction.Caravan Talkies also witnessed marked improvement during the quarter.”
“Our advertisement network surpassed 4,000 screens with over 1,000 multiplex screens. Our performance continues to reflect the strength of this in-cinema advertising platform,”said Sanjay Gaikwad, Founder and Managing Director. “We are also excited about the future of our strategic initiatives – Caravan Talkies and UFO Framez. Going forward, we believe that there is significant headroom for growth and we remain confident that our strategic focus, strong execution and proficient team will continue to drive market leading performance.”