Regal Posts Profit as Ticket Sales Climb

Regal Entertainment Group, the largest U.S. movie-theater chain, had a fiscal second-quarter profit of $38.7 million as ticket sales rose.

The firm had net income of 9 cents a share in its quarter ended June 27, compared with a net loss of $1.2 million, or 7 cents, in the year-earlier period, Regal said in a statement. Sales rose more than fourfold to $607.3 million from $128.5 million.

Colorado billionaire Philip Anschutz created Regal by merging three companies he acquired through bankruptcy reorganizations: Regal Cinemas Corp., United Artists Theatre Co. and Edwards Theatres Inc. Regal operates 553 theaters under those three names.