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Our Bureau

Mumbai, Jan. 20

Shringar Cinemas Ltd has posted a net profit of Rs 3.64 crore for the quarter ended December 31 compared with a loss of Rs 1.99 crore posted during the same period of the previous year. While total revenues grew 124.6 per cent to Rs 179.7 crore (Rs 80 crore), revenues from operations rose 98 per cent to Rs 14.95 crore. According to a statement issued by the company, the increase in revenues was due to better content and solid performance by Shringar's new multiplexes. The company opened three new properties — FAME Nakshatra (Dadar), and Thakur FAME (Kandivali) in Mumbai, and FAME Aurangabad — during the third quarter. The company currently operates 10 properties with 36 screens.

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