HONG KONG, Aug. 17, 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 issue a positive profit alert. Based on the information that is currently available to the Board, the Group is expected to record a substantial increase profit for the six months ended 30 June 2015 over the corresponding period ended 30 June 2014. Such profit is mainly due to the prosperous development of the movie market in Mainland China, the further market sharing improvement of the Group's channel business, and the innovation of business models.
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.
