UFO Moviez Ad Revenue grew 3.6% in Q4FY19
The average advertisement minutes sold per show per screen stood at 6.85 min for the fourth quarter of 2019
Published - May 22, 2019 12:51 PM Updated: May 22, 2019 12:51 PM
UFO Moviez has released its financial results for the quarter and year ended March 31, 2019.
The consolidated revenues increased by 19.7% to ₹193.9 crore. In the last quarter it was ₹162 crore. EBITDA grew by 13.8 per cent to ₹65.6 crore. In Q4FY18 it was ₹57.6 million.
As per the data, its Advertisement Revenue grew 3.6 per cent to ₹80.5 crore.
The average advertisement minutes sold per show per screen stood at 6.85 (Q4FY18 – 7.39) minutes.
For the year ended March 31, 2019, the consolidated revenues increased by 3.3% to ₹616.9 million.
“We are pleased with UFO’s advertisement performance and earnings growth in fiscal year 2019,” said Kapil Agarwal, Joint Managing Director.
“Our performance demonstrates our continued ability to deliver on our advertisement objectives, with corporate advertisement revenues growing 15% during the year. In line with the company’s capital distribution philosophy, the board has enhanced the dividend to 150% for the fiscal year 2019. Further, in view of the accumulated cash available with the Company, the Board has also declared a one-time special interim dividend of 150%. UFO has established the building blocks to capitalize on opportunities and deliver long-term growth.”
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