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Sales of Multikino multiplex cinemas in Riga grew by 12.2% in 2016

BC, Riga, 25.09.2017.Print version
The owner of Multikino multiplex cinemas operated at Riga Plaza last year posted EUR 3.29 million in sales, up 12.2% from a year ago, while the company’s profit rose 53.2% to EUR 698,633, informs LETA, according to business database.

Multikino Latvia management said in its report that the company’s development strategy had been successful and should be used also in the future to increase the number of customer and profitability.

In 2015, the company generated EUR 2.932 million in sales and earned EUR 456,088 in profit.

Multikino Latvia was registered in 2010 and has a share capital of EUR 120,944. The company’s sole owner is Polish Multikino S.A.

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