LONDON (Thomson Financial) - Cinemark Holdings Inc. said Friday
first-quarter net income fell to $5.3 million, or 5 cents a share from $118.2
million, or $1.28 a share in the same quarter a year ago.
Net income in 2007 was boosted by an after-tax gain of $129.6 million
related to the sale of part of its stake in National CineMedia.
The company, which owns more than 4,500 cinema screens across the U.S.,
Central and South America said revenue for the most recent three-month period
rose 6.1% to $401 million. Admissions revenue increased 7.5% and concession
revenue rose 6.2%.
The mean estimate of analysts polled by Thomson Reuters was for earnings of
7 cents a share on on revenue of $400.5 million.
mark.cotton@thomsonreuters.com
mc1/pc
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