wordpress blog stats
Connect with us

Hi, what are you looking for?

UFO Moviez posts Rs 17.7 crore profit in Q4 FY16

Digital cinema distribution firm and ad platform UFO Moviez reported a 19.4% increase in the consolidated revenue to Rs 572.1 crore for the year ended March 31, 2016 (FY16), in comparison to Rs 479.3 crore in FY15. For the quarter ended March 31, 2016 (Q4 FY16), the consolidated revenue of the company improved by 20.1% to Rs 146.7 crore from Rs 122.1 crore in Q4 FY15 Quarterly Financials EBITDA grew 33.4% to Rs 53.1 crore compared to Rs 39.8 crore in Q4 FY15 Net Profit after tax increased by 48.4% to Rs 17.7 crore from Rs 12 crore in Q4 FY15. Advertising The company witnessed a 55.1% increase in its advertising revenue to Rs 46.6 crore for Q4 FY16 in comparison to Rs 30 crore in Q4 FY15. Average advertisement minutes sold per show per screen stood at 4.71 Minutes in Q4 FY16 in comparison to 3.47 in the corresponding period. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 19.9% to Rs 145.1 crore in comparison to Rs 121 crore for the quarter. The company reported a 35.3% growth in its advertising revenue with Rs 157.8 crore for the year ended March 31, 2016, in comparison to Rs 116.7 crore in the previous year. Theatrical and In-Cinema advertisement (consolidated excluding new businesses) revenues grew by 18.6% to Rs 567.1 crore for FY16 in comparison to Rs 478.3 crore for FY15. Other Highlights - UFO Movies had long-term advertising rights to a total of 3713 screens, single and multiples, in the country, as…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Amazon and Flipkart are opposing untested ex-ante regulations modeled according to the EU Digital Markets Act in India, saying the current system is already...

News

As per a report, Apple has been testing its own large language model (LLM) since last year but its technology remains behind the AI...

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ