Pramod Arora, group president, PVR says if the movie runs for around three weeks in multiplexes and cinemas, the company may add Rs 40-50 crore to its kitty.
PVR Cinemas will have all its 162 screens equipped with Mumbai-based digital movie projection enabler Scrabble Entertainment's 2K systems by the end of this fiscal, an official said today.
In an interview to CNBC-TV18, Pramod Arora, joint managing director of Archies says, 100% FDI in single brand is not going to impact the company much.
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,"
Pramod Arora, Joint managing director of Archies tells CNBC-TV18 that the company is looking at rolling out about 50 stores in this fiscal.
Mutliplex and cinema hall operator PVR Ltd late on Friday said its board had approved a buyback of equity shares at a price not exceeding Rs 140 per share for a total of Rs 2,622 crore.
Greetings card maker Archies has announced its results for the quarter ended December 2010. It has reported standalone profit after tax of Rs 4.57 crore as against Rs 3.9 crore, a growth of 16.5% on year-on-year basis.