Australian entertainment conglomerate Village Roadshow has reported a more than 50 per cent lift in full-year profits, bolstered by strong results in its cinema division and successful theme park promotional strategies.

For the year ended June 30, 2013, the group, which has interests in cinema, theme parks, film production and distribution, said net profits totalled A$50.9m (US$46m), up 50.8 per cent on A$33.8m (US$30.5m) reported in the same period last year.

Earnings from Village Roadshow's cinemas rose by 11.7 per cent as people flocked to the movies to watch the James Bond film Skyfall, and the final instalment of Twilight: Breaking Dawn 2.

Higher ticket, food and beverage prices driven by the expansion of its Gold Class and Max offerings also increased the money people spent at the movies.

Village Roadshow's theme parks division recorded its second highest EBITDA result in 2013 with, a 2.3 per cent increase in EBITDA, up A$1.9m (US$1.7m) on the previous year to A$83.5m (US$75.4m).

This performance was achieved despite inclement weather on the Gold Coast during key holiday periods in the second half of the financial year. The result also includes a A$2m (US$1.8m) write-off of pre-opening costs for Wet 'n' Wild Las Vegas.

Village Roadshow continues to expand its theme parks division, with Wet 'n' Wild Sydney opening this December.

Another major theme park on Hainan Island in China is scheduled to open by the end of 2014.