6 January 2011 – trading update
Cinema operator Cineworld has released a pre-close trading update for the year to 31 December, and this has shown total revenues up by 4.7% over the previous year. The year benefited from a number of successful productions including Toy Story 3 and Avatar and the group increased its box office market share to 24.6% (2009: 23.9%) according to third party research. With another year of potential blockbusters forecast for 2011, the outlook for the year is encouraging and we continue to rate the shares as a BUY.