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EARNINGS ROUNDUP

Regal Entertainment Profit Falls on Costs

April 28, 2006|From Bloomberg News

Regal Entertainment Group, the world's largest movie theater operator, said its fiscal fourth-quarter profit fell 15% on costs from an advertising joint venture.

Net income dropped to $11.2 million, or 7 cents a share, from $13.1 million, or 9 cents, a year earlier, Knoxville, Tenn.-based Regal said. Revenue rose 1.4% to $585.1 million.

Profit excluding one-time costs was 9 cents a share, less than the estimate of 11 cents.

Regal operates Regal Cinemas, Edwards Theatres and United Artists Theatres.

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