The much awaited Don 2 released today and PVR expects 80% occupancy rates for the movie in the first week. Pramod Arora, president and chief executive officer, PVR in an interview to CNBC-TV18 said,"We haven’t hiked the ticket prices, but for the weekend it seems like we are doing 100% occupancy,"
PVR Ltd is eyeing EBITDA margin of 22-25% for FY12, with capex of45-55 screens by year end.
PVR Limited acquired remaining 40% stake from JPMorgan and India Advantage Fund of PVR Pictures. In an interview with CNBC-TV18, Nitin Sood, CFO of PVR said that they paid a total of Rs 60 crore to complete the buyout. Sood explained that the company’s main focus is to roll out the exhibition projects across the country.
In an exclusive interview with CNBC-TV18, Ajjay Bijli, chairman and managing director of PVR says cash flows of the company will improve on back of phoenix mills transaction. “Our exhibition business did a profit of about Rs 20 crore,” he says. He further says that the losses incurred were on account of the loss made by PVR pictures.