Reading NZ gets box office boost from Christchurch complex, eyes future gains in Wellington

Thu, 06 Jun 2013

By Paul McBeth June 7 (BusinessDesk) - Reading New Zealand, the local unit of the California-based cinema complex owner, got an earnings boost from re-opening its quake-damaged Christchurch centre last year, lifting its box-office takings. The local holding company increased sales by 11 percent to $23.5 million in calendar 2012, according to statements lodged with the Companies Office. The boost in revenue from its cinema business came from 236,000 more movie admissions compared with 2011 after it re-opened the Christchurch multiplex. The...

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