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NSE Oct 19, 2020 15:31 PM
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UFO Moviez India Ltd.    
13 Aug 2018
IDBI Capital
UFO Moviez reported a weak Q1FY19, in-line with our forecast. This was mainly driven by 12% YoY decline in in-cinema advertisement revenue. We were expecting a weak performance given 1) higher base in Q1FY18 on account of Baahubali 2' and 2) seasonal weakness in the government segment. CARAVAN saw a strong 40% YoY growth. As a result, the over-all advertisement revenue declined by 8% YoY. The merger process with Qube Cinema is progressing as per timelines and UFO Moviez has maintained its expectation to complete the merger in Q3FY19. We largely maintain...
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