May 11 (Reuters) – India’s PVR INOX reported a fourth-quarter profit on Monday, helped by higher ticket prices and increased spending on food and beverages.
• The multiplex operator posted a profit of 1.87 billion rupees ($19.64 million) for the quarter ended March 31, from a net loss of 1.25 billion rupees a year earlier.
• Profit margins expanded to 11.5% in the quarter from a negative 9.7% a year ago, helped by higher ticket prices and a rise in food and beverage spends.
• Revenue from operations rose 25.8% to 15.47 billion rupees, driven primarily by higher per-customer spending.
• Advertising income rose about 15%, supported by improved occupancy and advertiser demand.
• Average ticket price was up 22% year-on-year to 315 rupees, while average food and beverage spend per head rose 32% to 165 rupees.
• Footfalls rose marginally to 31 million from 30.5 million a year earlier.
• Shares of PVR INOX closed down about 4.5%, having gained about 4% so far this year.
($1 = 95.2225 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
