Strong Box Office Propels Reading International's Q1 2012 Growth And Prospects
March Q1 2012 results of movie theater operator/owner and real estate developer, Reading International (RDI) were impressive, illustrating another quarter of growth in revenues, operating income and operating margin vs. prior year. A very strong series of films during the quarter not only heated up the screens and filled seats at Reading's many cinema chains but also helped sell a lot of high-margin popcorn and soda.Historical background on Reading, now a $254MM LTM revenue, but only a $124MM market cap company, is available in this past Just One Stock interview and periodic progress of Reading's many cinema and real estate activities can be tracked in these other Seeking Alpha articles on Reading. Despite the company's consistent delivery of operating performance and its large cinema market shares in Australia (#4), New Zealand (#3) and the United States (#11), Reading still lacks coverage by even a single sell-side entertainment, consumer non-durable,Complete Story »
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