UFO Moviez India Q1 net up 83 pc to Rs 14 cr

Digital cinema distribution firm UFO Moviez India today reported 82.7 per cent jump in consolidated net profit at Rs 13.7 crore for the June quarter of 2017-18 fiscal.
The company posted a net profit of Rs 7.5 crore during the same period previous fiscal, UFO Moviez India said in a statement.
Consolidated revenue grew 14 per cent to Rs 154.4 crore as against Rs 135.4 crore in the year-ago period.
"Our advertisement network surpassed 4,000 screens with over 1,000 multiplex screens. Our performance continues to reflect the strength of this in-cinema advertising platform," UFO Moviez India founder and MD Sanjay Gaikwad said.

Advertisement revenue of the company grew 24.2 per cent to Rs 49.3 crore compared to Rs 39.7 crore a year ago.