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Cineworld reports 19 pct fall in full-year profit

Reuters - UK Focus

March 6 (Reuters) - Britain's largest cinema operator Cineworld Group Plc (LSE: CINE.L - news) said full-year pretax profit fell 19.3 percent, hurt by transaction and reorganisation costs related to a recent acquisition and a regulatory probe.

Cineworld said pretax profit fell to 30.9 million pounds ($51.7 million) in the year ended Dec. 26, from 38.3 million pounds a year earlier.

Revenue rose 13.2 percent to 406.1 million pounds at the only listed cinema chain in the UK.

Shares in the Chiswick, London-based company closed at 309.25 pence on Wednesday on the London Stock Exchange (Other OTC: LDNXF - news) .