Wednesday 7 December 2016

UCI feels the force with €1.2m bonanza

Gordon Deegan

Published 30/11/2016 | 02:30

A scene from the Star Wars: The Force Awakens movie
A scene from the Star Wars: The Force Awakens movie

Cinema operator UCI Ireland enjoyed a Star Wars bonanza last year as pre-tax profits at the business increased by 10pc to €1.24m. 'Star Wars: The Force Awakens' opened in mid-December and quickly became the country's highest grossing movie of 2015, generating €4.76m at the box office.

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The movie's success contributed to revenues at United Cinemas International (Ireland) Ltd increasing by 9pc, going from €10.79m to €11.73m in the 12 months to the end of December last.

The business operates under the rebranded Odeon banner with cinemas in Blanchardstown, Cavan, Charlestown, Coolock, Limerick, Naas, Newbridge, the Point Village, Portlaoise, Stillorgan and Newbridge. Other big contributors to the cinema firm's earnings were the latest Bond movie 'Spectre' which grossed €4.5m nationally, 'Minions' - €4.25m, 'Jurassic World' - €4.251m, and Pixar movie 'Inside Out' which grossed €3.49m.

"The company has a robust medium plan, which is consistent with the group strategy for growth and there is evidence that the differentiated strategy has already led to operating and financial outperformance in 2015," the directors of UCI Ireland said.

They said that they were happy with the performance of the company during the year and expect the general level of activity to continue for the foreseeable future.

Numbers employed by the firm last year increased from 139 to 148, with staff costs increasing marginally to €1.72m.

Shareholder funds totalled €3.4m.

Star Wars: The Force Awakens...Star Wars: The Force Awakens..Kylo Ren (Adam Driver) with Stormtroopers..Ph: David James..?Lucasfilm 2015

Irish Independent

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