The summer of the non-blockbuster weighed on third quarter revenue and profit at Cineplex Inc. as instalments from formerly reliable franchises including the Planet of the Apes failed to reel in moviegoers.Canada?s largest movie theatre company on Tuesday said net income fell 33.8 per cent to $17.2 million or 27 cents per diluted share for the quarter ended Sept. 30, compared with a profit of $26.0 million or 41 cents per diluted share a year ago.Revenue totalled $370.4 million, down 1.5 per cent from $376.0 million.The Toronto-based company said attendance fell to 16.8 million compared with 19.2 million in the same quarter last year...
11-08-2017, 04:18 PM
Lack of summer movie hits weighs on Cineplex earnings
The summer of the non-blockbuster weighed on third quarter revenue and profit at Cineplex Inc. as instalments from formerly reliable franchises including the Planet of the Apes failed to reel in moviegoers.Canada?s largest movie theatre company on Tuesday said net income fell 33.8 per cent to $17.2 million or 27 cents per diluted share for the quarter ended Sept. 30, compared with a profit of $26.0 million or 41 cents per diluted share a year ago.Revenue totalled $370.4 million, down 1.5 per cent from $376.0 million.The Toronto-based company said attendance fell to 16.8 million compared with 19.2 million in the same quarter last year...
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