Multiplex player PVR posted a consolidated net profit of Rs 8.89 crore for the quarter ended December 2012, which was flat, compared with Rs 8.92 crore for the corresponding quarter previous fiscal. The consolidated revenues for the quarter increased by 43 per cent to Rs 202.44 crore from Rs 141.32 crore in the corresponding quarter previous fiscal.

The company said it has completed acquisition of 69.27 per cent stake in Cinemax India from its promoters and has announced an open offer to shareholders of Cinemax and the tendering period shall commence on February 4. The company said, “the content pipeline for the next financial year is looking promising and over the next 12 months the management team’s focus will be to drive synergies from the combined network of PVR & Cinemax properties.”

(This article was published on January 30, 2013)
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