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Mayberry Research 2021-10-05T03:32:45-05:00

MEEG reports 9% increase in 2016 revenues, while net profit declined by 6%

Main Event Entertainment Group Limited (MEEG) for the year ended October 31, 2016 recorded a total of $1.13 billion in revenue compared to $1.03 billion booked for the year ended October 31, 2015. Cost of sales for the year increased 7% year over year to $703.87 million relative to $657.48 million. As a result, gross profit improved by 14% to $428.07 million (2015: $376.32 million). MEEG booked other income of $538,000 for the year, 18% less than the prior year’s $657,000. Total expenses for the year rose 16% to $353.56 million versus $304.89 million recorded for 2015. Of this, administrative