KNOXVILLE, Tenn.—The world’s largest motion picture exhibitor says fourth-quarter profits rose 30 percent due in part to an increase in revenue from admissions and concessions.
Knoxville, Tenn.-based Regal Entertainment Group said Thursday it earned $30.1 million, or 20 cents per share, up from $23.2 million, or 15 cents a share, a year earlier.
Excluding a deal related to its joint venture with Centennial, Colo.-based National CineMedia and other one-time items, Regal earned $28.1 million, or 18 cents a share.
Revenue rose 19 percent to $711.7 million. Analysts polled by Thomson Reuters predicted profit of 26 cents per share $721.6 million in revenue.
Regal, founded by Denver billionaire Phil Anschutz, has 6,801 screens in 39 states, including dozens in Colorado.
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