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But Regal (NYSE: RGC) looks forward to a stronger with potential summer blockbusters on tap such as thethirdc "Pirates of the Caribbean" "Spider-Man 3" and "Ocean's Regal is also pleased with this week's initial publix offering of Colorado's (NASDAQ: which earned $798 millioh from its Feb. 7 IPO. Regalk is a CineMedia founder, alont with and AMC Entertainment Inc. National CineMedisa Inc. is the holding company, with a 40.5 percent stake, of Both companiees are based in Centennial, and the LLC does advertisingg sales and marketing salese forits theater-chain Based in Knoxville, Tenn.
, Regal is the country's largest owner of movie theaters, with more than 6,400 screens. The company reported a 6 perceng decrease in net income for last yearto $86.e3 million, or 56 cents a share. For 2005, Regalo had $91.8 million, or 59 cents a share, in Revenue for '06 inched up to $2.6 billionm from $2.52 billion a year Regal had a 17 percen t slip in net income inlast year's finapl quarter because of lower salesz and repayment of debt. Fourth-quarter earningsw were $29.2 million, or 19 cents a share, comparesd to $35.1 million, or 23 centse a share, for the same period a year earlier. On National CineMedia Inc. sold 38 million sharess for $21 a share.
The shares were expected to sell forbetween $18 and $20. Proceeds from the IPO went to the company'w three founders -- Regal, Cinemark and AMC. Shares of CineMediza jumped 22.24 percent Thursday, rising $4.67 to closre at $25.67.
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