PVR consolidated net up 79%

PVR Ltd has posted a consolidated net profit of Rs 13.9 crore up 79 per cent for the quarter ended June 30 compared with Rs 7.8 crore in the corresponding period last fiscal. The company’s consolidated revenues grew by 87 per cent to Rs 337.3 crore over Rs 180.7 crore during the corresponding period previous fiscal. Ajay Bijli, Chairman and Managing Director, said: “The integration of PVR & Cinemax at operating level is progressing well and the management is focusing on driving synergies from the combined scale of operations which is reflecting in the market share and the reported results”. The company plans to add 85-90 screens this fiscal. ItThe company added five properties with 35 screens across Kochi, Mumbai, Bangalore, Chandigarh and Delhi.