November 10, 2011 / 11:50 AM / 6 years ago

UPDATE 1-Cineplex Q3 profit up 28 pct

Nov 10 (Reuters) - Canada’s Cineplex Inc reported a 28 percent rise in third-quarter profit, helped by higher box-office revenue.

Net income rose to C$25.7 million, from C$20.1 million, a year ago.

Total revenue for the company, which competes with Empire Co Ltd’s Empire Theatres, rose 3.1 percent to C$276.7 million.

The company’s box-office revenue rose 3.3 percent to C$162.5 million in the quarter, mainly helped by the success of Harry Potter and the Deathly Hallows Part II and Transformers: Dark of the Moon. (Reporting by Maneesha Tiwari in Bangalore; Editing by Sriraj Kalluvila)

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