UFO Moviez slips after weak Q2 earnings

Capital Market 

UFO Moviez lost 4.46% to Rs 464.55 at 11:15 on after consolidated net profit fell 47.77% to Rs 10.20 crore on 13.04% decline in total from operations to Rs 139.18 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 30 November 2017.

Meanwhile, the S&P Sensex was down 22.35 points or 0.07% at 33,127.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 80,000 shares in the past two weeks. The stock had hit a high of Rs 485 and a low of Rs 453 so far during the day. The stock had hit a 52-week high of Rs 500 yesterday, 30 November 2017 and a record low of Rs 316 on 11 August 2017.

UFO Moviez is a leading digital cinema distribution network and in-cinema advertising platform in in terms of number of screens.

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First Published: Fri, December 01 2017. 11:11 IST