Cineplex reports third-quarter profit of $30.9 million, up from a year earlier
Article content
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%.
Article content
For the quarter ended September 30, the theater company reported earnings of $30.9 million or 43 cents per diluted share.
Article content
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.
Article content
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