Cineplex sees boost in profit over concession sales, despite drop in attendance - News Summed Up

Cineplex sees boost in profit over concession sales, despite drop in attendance


Cineplex Inc. reported a fourth-quarter profit of $28.8 million, up from $23.3 million a year earlier, boosted by improved results at the concession stand. The movie theatre company says the profit amounted to 45 cents per diluted share for the quarter ended Dec. 31, up from 37 cents per diluted share in the last three months of 2016. Revenue totalled $426.3 million, up from $385.4 million.


Source: thestar February 22, 2018 12:11 UTC



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