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ORLANDO-Following up on its late-filing notice last week to the Securities and Exchange Commission, locally based Planet Hollywood International is reporting a first-half net income loss of $24.87 million or a loss of $2.49 per share compared to a first-half loss last year of $52.21 million or a loss 64 cents per share.

GlobeSt.com exclusively reported Planet Hollywood’s late-filing notice on Aug. 16.

For the second quarter ended July 1, Planet Hollywood lost $14.24 million or a loss of $1.43 per share versus a second-quarter 2000 loss of $38.89 million or a loss of 72 cents per share.

First-half revenue was $69.62 million versus $88.91 million a year ago. Second-quarter sales totaled $36.39 million compared to $45.41 million in the same period last year.

Food, beverage and merchandise sales in the second quarter decreased 18.3% to $35.3 million from $43.2 million. The company attributed the decrease to the closing or licensing of seven restaurants during fiscal 2000 and fiscal 2001, and the Planet Movies by AMC joint venture dissolution.

The company’s total revenue in 2000 was $170.25 million; $272.23 million in 1999; and $367.29 million in 1998. Planet Hollywood lost $79.74 million from operations in 2000; $194 million in 1999; and $200.74 million in 1998.

The company voluntarily filed for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code in October 1999 and came out of protection in May 2000 with a court-approved reorganization plan.

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