Cinemark profits rise 28%

Admission revenue jumps to $418 million

Cinemark CEO Tim Warner declined Monday to discuss the fatal July 20 shooting at one of the exhib’s theaters “out of respect to the victims and their families.”

“We will not be addressing any details of the tragedy or our specific efforts,” Warner told analysts during a conference call to discuss the latest quarterly results. He said under NATO’s leadership, the “theatre industry has collaborated to help the victims and their families, as have our studio partners.” And he thanked “all those who acted with immense strength and bravery in assisting the victims,” including patrons, employees, police and first responders.

Twelve people were killed and 38 wounded when a gunman opened fire at a midnight screening of “The Dark Knigh Rises” in Aurora, Colo.

Cinemark said profit rose 28% to $51 million in the June quarter.

Higher admissions and concessions sales boosted profits at Cinemark, one of the nation’s largest exhibs, by 28% last quarter to $51.6 million.

Revenue rose to $649 million from $620 million.

Admission revenue jumped to $418 million from $405 million.

Concessions grew $201 million from $189 million.

Plano, Texas-based Cinemark operates 461 theaters with 5,207 screens in 39 U.S. states, Brazil, Mexico and 11 other Latin American countries.

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