Cinemax posts Q4 net loss at Rs 2.2 cr

Multiplex chain operator Cinemax India has posted a consolidated net loss of Rs 2.17 crore for the fourth quarter ended March 31, 2011.

In the three months period ended March 31, 2010, the company had registered a net profit of Rs 4.44 crore, it said in a filing to the Bombay Stock Exchange.

Consolidated net sales for the quarter under review declined by 19.79 per cent to Rs 36.43 crore from Rs 45.42 crore in the three months ended March 31, 2010.

For the year ended March 31, 2011, the company’s net profit saw over three-fold dip to Rs 5.45 crore from Rs 16.97 crore in the same period of the previous year.

Net sales jumped 12.47 per cent during the year ended March 31, 2011 to Rs 191.56 crore from Rs 170.32 crore in the year ago period, the filing said.

Meanwhile, the Cinemax shares were trading at Rs 36.10 per share in the afternoon trade, up 0.98 per cent from the previous close on the Bombay Stock Exchange.