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Retail

Everyman Media trades ahead of target as estate doubles

New venues chipping in along with continued improvements in existing locations helped the results.

Cinema chain Everyman Media (LON:EMAN) has traded even better in 2016 than it expected when it issued a bullish statement in September.

New venues chipping in along with continued improvements in existing locations helped the results it said.

A number of new films also performed strongly and the current strong trading momentum is expected to continue into 2017.

Everyman raised £20mln in April to add more outlets to its portfolio, which now amounts to twenty cinemas or a double the number two years ago. Six more openings are in the pipeline.

Shares edged up 1% to 100p.

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