New screens hike Oz group’s profit

SYDNEY — Australian entertainment, leisure and hotels group Amalgamated Holdings boosted net operating profits by 15.2%, to A$23.5 million ($18.5 million) in the half-year ended Dec. 31.

Amalgamated said its cinema group Greater Union and Birch, Carroll & Coyle (Australia’s largest) achieved “significant growth” in that period, bolstered by the addition of 34 new screens.

Chairman Alan Rydge said the company’s first overseas cinema, a 10-screen multiplex in Dubai in the United Arab Emirates, will bow later this year and opportunities are being explored in several other markets.

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