UFO Moviez India posts Rs 37.9 crore ad revenue

The consolidated revenue was recorded at Rs 125.1 crore

e4m by exchange4media Staff
Updated: Nov 7, 2019 11:04 AM

UFO Moviez India has reported ad revenue of Rs 37.9 crore for the quarter ended September 30, media reports said.

The consolidated revenue was recorded at Rs 125.1 crore while it was Rs 133.5 crore in the last fiscal. The company’s net loss stands at Rs 3.5 crore.

In a statement, the digital cinema distribution network and in-cinema advertisement platform has said “excluding this one-time impact, the net profit would have been Rs 9.1 crore”.

“Corporate advertisement revenue performed broadly in line with the in-cinema advertising industry, however, government advertisement category remained weak during the quarter,” UFO Moviez Joint MD Kapil Agarwal was reported as saying in media reports.

“Despite short term slowdown, we remain positive about the future and continue to make strides in improving advertisement revenues,” he has further said.

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