Regal posts second quarter loss

posted by Michael Zoldessy on August 2, 2006 at 4:30 am

KNOXVILLE, TN — Despite increased revenue, Regal Entertainment Group reported a fall in second quarter earnings.

Regal Entertainment Group (NYSE:RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal second quarter 2006 results and declared a cash dividend of $0.30 per common share.

Total revenue for the quarter ended June 29, 2006 was $684.6 million, a 6.5% increase from total revenue of $643.1 million for the second fiscal quarter of 2005. Net income was $16.6 million in the second quarter of 2006 compared to net income of $26.4 million in the same period of 2005.

For more, read the full report at Business Wire.