Village Roadshow react to drop in profits

By FNE Staff
    Village Roadshow, after a 95% drop in profits, is said to be considering sale of its Czech investments.

    The company, which operates cinemas in the Czech Republic, saw profits drop to $12.6 million, down from $257 million, on its June 30 year-todate figures.

    The company has already announced the sale of its investments in Greece.

    Village Cinemas (www.villageroadshow.com) operates 12 cinemas in the Czech Republic, including two in Prague which have Gold Class screening salles, and nine cinemas in Slovakia.