PVR makes Rs 28-cr Q2 profit
BY PTI31 Oct 2013 10:57 PM GMT
PTI31 Oct 2013 10:57 PM GMT
Multiplex chain operator PVR Ltd on Wednesday reported a consolidated net profit at Rs 27.66 crore for the second quarter ended 30 September.
The company had posted a consolidated net profit of Rs 16.14 crore in the same quarter previous fiscal, PVR said in a filing to the BSE.
Net sales during the period under review stood at Rs 363.11 crore, while in the same period last year it was Rs 192.12 crore, it added.
The result of this year is not comparable with that of last fiscal due to the acquisition of Cinemax India in the March '13 quarter, the company said.
In January this year, PVR had announced to acquire 69.27 per cent stake from the promoter group of Cinemax in an all cash consideration of Rs 395 crore through its subsidiary Cine Hospitality.
For the half year ended September 30, the company's net profit stood at Rs 41.62 crore and the same for the year-ago period was Rs 23.95 crore.
The company had posted a consolidated net profit of Rs 16.14 crore in the same quarter previous fiscal, PVR said in a filing to the BSE.
Net sales during the period under review stood at Rs 363.11 crore, while in the same period last year it was Rs 192.12 crore, it added.
The result of this year is not comparable with that of last fiscal due to the acquisition of Cinemax India in the March '13 quarter, the company said.
In January this year, PVR had announced to acquire 69.27 per cent stake from the promoter group of Cinemax in an all cash consideration of Rs 395 crore through its subsidiary Cine Hospitality.
For the half year ended September 30, the company's net profit stood at Rs 41.62 crore and the same for the year-ago period was Rs 23.95 crore.
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