Mukta Arts' deal with Tips Industries key growth driver in Q4, strong BO revenues help multiplex arm
The subsidiaries in the cinema space, operating under the Mukta A2 brand in India and Bahrain, posted a consolidated turnover of Rs 104 crore up 35 percent from Rs 77 crore in 2018.
Media company Mukta Arts announced its fourth quarter results for FY19 on Tuesday and reported consolidated net profit of Rs 3.88 crore from Rs 1.49 crore in 2018. The company's EBITDA for the year grew to Rs 14 crore from Rs 11 crore in 2018.
The multiplex arm of the company Mukta A2 Cinemas maintained the momentum in the fourth quarter after posting strong revenues in the third quarter of FY19.
The subsidiaries in the cinema space, operating under the Mukta A2 brand in India and Bahrain, posted a consolidated turnover of Rs 104 crore, up 35 percent from Rs 77 crore in 2018.
Screen count grew from 55 in 2018 to 64 this year.