UFO Moviez India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 05:40 am EST
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UFO Moviez India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,105.9 million compared to INR 512.5 million a year ago. Revenue was INR 1,109.5 million compared to INR 521 million a year ago. Net loss was INR 3.3 million compared to INR 130.2 million a year ago. Basic loss per share from continuing operations was INR 0.09 compared to INR 4.48 a year ago. Diluted loss per share from continuing operations was INR 0.09 compared to INR 4.48 a year ago.
For the nine months, sales was INR 3,080.6 million compared to INR 1,042.7 million a year ago. Revenue was INR 3,093.4 million compared to INR 1,067.4 million a year ago. Net loss was INR 120.3 million compared to INR 679.6 million a year ago. Basic loss per share from continuing operations was INR 3.16 compared to INR 23.35 a year ago. Diluted loss per share from continuing operations was INR 3.16 compared to INR 23.35 a year ago.
UFO Moviez India Limited is engaged in providing digital cinema services. The Company enables cinema digitization with satellite technology in India. It also makes an in-cinema advertising platform, with approximately 1.8 billion viewers annually through 3400+ screens across 1150+ cities. It is focused on digital cinema services and sale of digital cinema equipment. Its businesses include Theatrical Business, Advertising Business and Other Initiatives. Its Other Initiatives business includes Nova Cinemaz, Club Cinema, Impact Ticketing and Caravan Talkies. It also provides digital cinema equipment to the cinema theatres comprising of a sophisticated digital projector and industrial grade digital cinema server supported by a 3KVA UPS system. Its wholly owned subsidiary, Scrabble Entertainment Limited, is provider of end-to-end digital cinema solutions, including supply, installation, and maintenance of 2K & 4K DCI compliant projectors, DCI Servers, 3D equipment, and peripherals.
UFO MOVIEZ INDIA LIMITED 
