Adlabs Entertainment , which operates Imagica theme park, expects to breakeven in cash this fiscal, said Kapil Bagla, CEO of the company. Adlabs was already cash positive in the first quarter of FY17. The company reported a standalone net loss of Rs 19.23 crore for the first quarter ended June this fiscal. In an interview to CNBC-TV18, he said Adlabs is working to improve EBITDA and pare debt by monetising land this year, he added. Bagla expects footfall growth of 8-10 percent and revenue to grow 20-25 percent this fiscal. Though Adlabs saw a decline in its footfalls, realizations per user (RPU) was up 21 percent, he said, adding, its first quarter occupancies for Novotel stood at 87 percent.
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