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Major targets 65% more revenue.

Bangkok Post (Bangkok, Thailand)

| March 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nondhanada Intarakomalyasut

Mar. 1--Major Cineplex Group Plc expects to generate over five billion baht in revenue this year, a 65 percent jump from last year, as its non-cinema businesses start to realise profit.

President and chief executive officer Vicha Poolvaraluck said that the company's business structure had changed from that of a cinema operator to a total entertainment lifestyle firm after it had diversified its business by acquiring shares in Siam Future Development Plc, a retail developer, and California Wow Experience, a fitness centre operator in 2003 and 2004, respectively.

Late last year, the company also acquired 80 ...

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