Cineworld, the UK cinema chain, has reported pre-tax profits of £12.7m for 2007 against a £7.7m loss in 2006.

The company said its results were boosted by its initial public offering last year – which raised £120m – as well as blockbuster films such as the latest Harry Potter outing and The Simpson Movie.

Revenue rose 2.4 per cent to £285.3m, operating profit rose from £18.7m in 2006 to £30.4m.

Stephen Wiener, chief executive, said: “It has been a transformational year for Cineworld. We listed our shares on the main market of the London Stock Exchange in May and we are very encouraged by the performance of the group over the year.

“The New Year has started well and attendances have been strong. This has been driven by the success of a number of blockbusters and is testament to the resilient nature of our business model and the enduring appeal of film.”