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Oz cinemas post gain

Entertainment/leisure group Amalgamated Holdings said its cinema division, which includes the Greater Union and Birch Carroll & Coyle circuits, boosted earnings in the six months ended last December, but the bottom line was affected by abnormal losses on hotel operations.

Amalgamated posted net profits of $ A5.8 million ($ 4.2 million) on flat revenues of $ 80.4 million.

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