February 10, 2011 / 12:31 PM / in 7 years

UPDATE 1-Cineplex Q4 revenue slips on lower attendance

* Q4 revenue falls 2.6 pct

* Q4 attendance slips 8 percent

Feb 10 (Reuters) -Canada’s Cineplex Galaxy Income Fund (CGX.TO), owner of movie exhibitor Cineplex Entertainment LP, posted a drop in quarterly revenue as box-office attendance slipped about 8 percent.

Revenue for the fourth quarter fell 2.6 percent to $240.8 million, the company said in a statement.

Net income for the quarter ended Dec. 31 was C$10.9 million, or 45.8 Canadian cents per unit, compared with C$9.5 million, or 46.2 Canadian cents per unit, a year ago.

The Toronto-based fund’s units closed at C$22.53 on Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Saumyadeb Chakrabarty)

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