Cineplex Galaxy Income Fund had a good year in 2007 that, despite poor results at the fourth-quarter box office, saw its net income more than triple that of 2006.

The fund behind Canada’s largest theater chain saw revenues climb 8.8% to $805 million in ’07, in part thanks to higher attendance, which hit 61.1 million, up 6.5% from 2006. Coupled with gains from its other revenue streams, net income for the fund rose 237.8% to over $26 million.

It was ‘a record-setting year for Cineplex Entertainment,’ said president and CEO Ellis Jacob in a statement. ‘Our focus on driving attendance via selected pricing programs and our SCENE loyalty program was successful and resulted in Cineplex increasing 2007 annualized attendance by 6.5% compared to the North American industry reporting flat attendance levels versus 2006.’

Jacob cited the company’s move into non-movie exhibition — such as its opera and video game programs — and gains in Cineplex’s advertising wing as other factors. Revenue from in-theater advertising, print magazines and other sources was up 19% over 2006, Jacob said.