Kinepolis Group achieves EUR 11.6 million profit and revenue of EUR 112.9 million in the first half of 2010

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Regulatory release

*Kinepolis perpetuates its strategic objectives to be the best marketer, the best cinema operator and the best cinema real estate manager
*Kinepolis continues to invest in customer experience, digitisation (3D), remodelling and new concepts, which supports greater recognition and customer consumption
*This resulted, in combination with the breakthrough of 3D and exceptional success of Avatar, in an increase in the number of visitors of 4.8% and 12.1% growth in revenue
*Further focus on a flexible cost structure and efficiency-raising measures contributed to the growth in the current EBITDA by 40.3% to EUR 30.7 million and a rise in the current profit by 97.6% to EUR 11.8 million
*The Real Estate department achieved a capital gain of EUR 0.9 million on a residential real estate project (Leeuwstraat, Ghent)
*The free cash flow of EUR 12.0 million fell by EUR 9.0 million as against the first half of 2009 (EUR 21.0 million) as a consequence of greater seasonal fluctuations in working capital, the timing of incoming and outgoing payments and higher advance tax payments
*The net financial debt fell further by EUR 2.2 million to EUR 87.2 million (31/12/2009: EUR 89.4 million)