Cineplex Galaxy Income Fund Reports Fourth Quarter and Year End Results.

Business Wire › February 10, 2006

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Cineplex Galaxy Income Fund Reports Fourth Quarter and Year End Results.

TORONTO -- Cineplex Galaxy Income Fund (the "Fund") (TSX:CGX.UN) today released the financial results of Cineplex Entertainment Limited Partnership (the "Partnership"), for the fourth quarter and the full year of 2005.

Fourth Quarter Results

- Distributable income per unit for the quarter was a record $0.4600 compared to declared distributions of $0.2874. This is 20% higher than any previous quarter since the inception of the Fund.

- Total revenues for the quarter were $193.2 million compared to $76.8 million for 2004.

- Adjusted EBITDA for the quarter was $35.5 million compared to $16.2 million for 2004.

- Adjusted EBITDA margin for the quarter was 18.4%.

Full Year Results

- Total revenues for the year were $490.3 million compared to $315.8 million for 2004.

- Adjusted EBITDA for the year was $68.8 million compared to $67.0 million for 2004. Adjusted EBITDA for 2005 includes approximately $8.8 million in one-time charges.

- Distributable income per unit for the year was $1.0273 compared to declared distributions of $1.1496.

- Increasing synergies target to $25 million in annual savings on a run-rate bas...

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