HONG KONG, April 13, 2015 /PRNewswire/ -- SMI Holdings Group Limited ("SMI" or the "Company" and its subsidiaries, collectively the "Group", HKEx: 198), one of the largest movie theater operators in China, is pleased to announce its core operation index in the first quarter of 2015.
The Group's movie theaters operation in the PRC continued to record satisfactory performance. In the first quarter of this year, the Group's box office revenue recorded a substantial increase of 65% over the corresponding period last year, exceeding the PRC's box office growth rate of 40%. The year-on-year growth of cinema admission has significantly increased by approximately 55%.
Mr. Cheng Chi Chung, Chief Executive Officer of SMI, said, "We are optimistic towards the box office in China and remain confident in the movie theatre business. The growth rate of our box office income has outperformed that of the PRC's market, which proves our business potential. Looking forward, the Company will leverage on the strength of its business channels to further explore diversified value-added business."
About SMI Holdings Group Limited (0198.HK)
SMI Holdings Group Limited (0198.HK) is a company listed on the Main Board of the Stock Exchange of Hong Kong. The Company is principally engaged in the business of movie theater operating and new complementary business, such as Xingmeihui and advertising & promotion business. Under its strong management team and powerful business network, the number of SMI's movie theater has grown from 3 in 2009 to near 100 by the end of 2014.
