16 May 2012 – interim management statement

Trading for the period from 30 December 2011 to 10 May 2012 was in line with expectations.  Box office revenue was up 8.6%, retail up 3.9% and other income down 10.1%, resulting in total revenues rising by 6.3%.  The company is comfortable with forecasts for the current year as a whole.

There are a number of appealing films due for release in the remainder of 2012, although the Euro 2012 football championships and London Olympics will have an impact.  Given that the shares are close to historic highs we feel that there may be better opportunities elsewhere.  In the current market it may well pay to keep some powder dry so TAKE PROFITS.