UFO Moviez ad revenue stands at Rs 42.7 crore for quarter ended Dec 31, 2019

While EBITDA stands at Rs 36 crore, PAT has increased by 87.2% to Rs 27.4 crore

e4m by exchange4media Staff
Updated: Feb 14, 2020 2:52 PM
UFO

UFO Moviez has posted a consolidated revenue of Rs 142.6 crore for quarter ended December 31, 2019.

While EBITDA stands at Rs 36 crore, PAT has increased by 87.2% to Rs 27.4 crore.

Its advertisement revenue stands at Rs 42.7 crore, with the average advertisement minutes sold per show per screen at 5.03 minutes.

“The new brand identity which we rolled out in December 2019 has received positive feedback from advertisers and it positions us strongly for the future,” said Kapil Agarwal, Joint Managing Director. “On the business front, the slowdown in the economy is posing challenges, resulting in weak revenues in both Corporate and Government advertisement segments. Despite short-term challenges, we are optimistic about the future and continue to focus on driving advertisement revenues. We are confident that our continued efforts will help in delivering sustainable growth and shareholder value.”

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