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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/cineworld-back-on-track-after-snow.jpg"><img class="alignnone size-full" title="The first instalment of the last Harry Potter film helped Cineworld boost its profits" src="http://londonglossy.com/wp-content/uploads/2011/01/min-cineworld-back-on-track-after-snow.jpg" alt="The first instalment of the last Harry Potter film helped Cineworld boost its profits"/></a></p>
<p>Cineworld has said big draws such as Robert De Niro comedy Little Fockers and a remake of Gulliver&#8217;s Travels saw admissions return to normal levels after a snow-hit December.</p>
<p>The company, which operates 801 screens in 78 sites, said the heavy snowfall and freezing temperatures last month had a negative impact on box office and retail revenues as travel to cinemas became difficult.</p>
<p>But Cineworld said as the bad weather eased, admission levels returned to normal as movie-goers were drawn in by blockbusters such as the latest Harry Potter film. After a strong overall performance across the year, the company expects to meet profit expectations.</p>
<p>Cineworld reported a 4.2% increase in box-office revenues in the 52 weeks to December 30, compared to 2.7% seen across the industry. But retail revenues, mostly from food and drink, were down 1.5% in the year.</p>
<p>The company enjoyed a boost to sales from 3D films in the year, including Avatar and Toy Story 3 &#8211; which became the highest and second highest grossing films respectively in the UK box office.</p>
<p>Cineworld is rolling out digital screens across its estate, with half the screens now using the technology. The company&#8217;s box office share grew from 23.9% in 2009 to 24.6% in 2010.</p>
<p>The company&#8217;s advertising division &#8211; Digital Cinema Media &#8211; had a strong year as well, boosting the company&#8217;s &#8220;other income&#8221; by 39.9%.</p>
<p>Looking ahead to 2011, the company said it was confident an &#8220;attractive&#8221; release schedule &#8211; including the second instalment to the final Harry Potter film and Pirates of the Caribbean: On Stranger Tides &#8211; would maintain its performance.</p>
<p>James Cooke, an analyst at brokers Panmure Gordon, said profits before tax for the full year should be within £34.4 million to £35.5 million.</p>
<p>He said: &#8220;Cineworld is a highly cash-generative business, consistently delivering substantial dividend payments to shareholders. We believe that investors should, if nothing else, consider this to be a reliable income stock.&#8221;</p>
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