Blockbuster titles boost Irish cinema firm’s profits

Blockbuster films, including the latest installments from the X-Men, Spiderman, and Transformer franchises, last year contributed to profits at Irish Multiplex Cinemas more than doubling to €850,379.

New figures lodged with the Companies Office by the Ward-owned Irish Multiplex Cinemas Ltd show the firm recorded the sharp jump in operating profits after the company’s gross profits rose from €2.54m to €2.6m.

According to the directors’ report, the profitability of the company increased during the year as a result of management implementing cost savings.