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RPT-UPDATE 1-Cineworld 43 weeks' revenue up, sees FY in line

Tue Oct 27, 2009 4:02am EDT

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(Repeats to broaden distribution)

* Total revenue rises 6.5 pct

* Says strong performance from several films

* Box office rev up 10.9 pct, retail sales grow 5 pct (Adds details)

Oct 27 (Reuters) - Cineworld Group Plc (CINE.L) said on Tuesday it was confident about continued growth for the full year in line with market expectations after it reported healthy trading with total revenues up 6.5 percent in the 43 weeks to Oct. 22.

The company, which operates cinema complexes throughout the UK and Ireland, said the second half has so far seen a number of strong performing films, including "Harry Potter and the Half Blood Prince", "The Hangover" and "Up" in 3D.

For the 43 weeks, the company said its box office revenue grew 10.9 percent year on year, while retail sales rose 5.0 percent.

"The strong performance in these two core revenue streams has compensated for the (26.9 percent) decline in other income, principally screen advertising revenue, which reflects the further weakening in advertising demand," the company said in a statement.

Cineworld shares closed at 153 pence on Monday on the London Stock Exchange. (Reporting by Tresa Sherin Morera in Bangalore; Editing by Maju Samuel)



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