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Cineplex reports third-quarter profit of $30.9 million, up from a year earlier

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Cineplex Inc. reported a profit in its latest quarter, compared to a loss in the same period last year, as both theater attendance and revenue increased by more than 30%.

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For the quarter ended September 30, the theater company reported earnings of $30.9 million or 43 cents per diluted share.

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This result compared to a loss of $33.6 million or 53 cents per diluted share a year ago.

Revenues totaled $339.8 million, up from $250.4 million in the year-ago quarter, and theater attendance increased 34% year-over-year in the quarter.

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Cineplex said the box office hit 70% of the levels seen in the third quarter of 2019.

Box office revenue per patron for the quarter was $11.25, down from $11.38 a year ago.

Cineplex reports third-quarter profit of $30.9 million, up from a year earlier

Source link Cineplex reports third-quarter profit of $30.9 million, up from a year earlier

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