Cineplex Inc. (TSX:CGX) reported its first-quarter 2022 results on Friday. Results were boosted by higher attendance and the release of anticipated movies.
Strong Results Across All Business Lines
The movie theater chain posted a first-quarter loss of $42.2 million as revenue soared with customers returning to movie theaters. That compares with a loss of $89.7 million a year earlier.
Per share, the loss was $0.67 for the quarter ended March 31, compared to a loss of $1.42 per diluted share in Q1 2021.
CEO Ellis Jacob said that with operating ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals . Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer .
For further details see:
Cineplex Reports Lower Q1 Loss and Higher Revenue, Shares Jump