PVR opens 4-screen property in Andhra Pradesh

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PVR Cinemas has introduced the opening of a four-screen property in Narsipatnam in Andhra Pradesh’s Visakhapatnam district.

PVR presently operates the previous Srikanya Cinemax as considered one of its properties, making it the biggest cinema theater within the metropolis. The cinema has a seating capability of 1,188 spectators. The property is provided with Harkness and Christie 2K projector class screens that can give moviegoers a great viewing expertise. For a top quality sound expertise, Audio Host will enable superior Dolby 7.1 and Dolby ATMOS high-definition audio.

With this launch, PVR Cinemas consolidated its place with 13 screens in 3 properties in Andhra Pradesh and 296 screens in 48 properties within the South. PVR boosted its progress momentum in fiscal 12 months 2021-2022 with 860 screens on 179 properties in 73 cities (India and Sri Lanka), in response to an organization press launch.

The corporate reported Rs. 184.06 crore in opposition to a web lack of Rs. 153.27 crore consolidated web loss. Web gross sales elevated 197.5% to ₹ 120.32 crore in Q2 September 2021 from ₹ 40.45 crore in Q2 September 2020.

Shares of PVR rose 0.57% on the BSE yesterday, January 14, 2022 to Rs. Closed at 1,555.60. PVR is a world chief within the multiplex enterprise.

Run by Capital Market – Dwell Information

(This story has not been edited by Enterprise Normal workers and has been auto-generated from the Syndicate feed.)

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