CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Business

Cinemark Posts Higher 3Q Earnings, Revenue

Movie theater

Movie theater

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

PLANO (AP) – Cinemark Holdings Inc. today reports its third-quarter net income grew as more people turned out to see movies and average ticket prices rose.

Plano-based Cinemark is one of the country’s largest theater chains.

The company earned $33.3 million, or 29 cents per share, up 59 percent from $21 million, or 19 cents per share, in the same period a year earlier.

Revenue rose 13 percent to $560.2 million from $496.8 million.

Cinemark said theater attendance rose nearly 9 percent and average ticket prices increased by nearly 5 percent. Concession revenue per person grew more than 2 percent.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)