00:27:25 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Cineplex Inc
Symbol CGX
Shares Issued 63,376,721
Close 2023-08-10 C$ 8.88
Market Cap C$ 562,785,282
Recent Sedar Documents

FP/CP say Cineplex's Q2 profit widens dramatically

2023-08-11 09:34 ET - In the News

The Financial Post reports in its Friday, Aug. 11, edition that Cineplex's net income mushroomed to $176.5-million in its second quarter as The Super Mario Bros. Movie hit theatres and the cinema chain began preparing for a Barbie boost. A Canadian Press dispatch to the Post reports that Cineplex said Aug. 10 that its net income for the period ended June 30 towered over the $1.3-million it earned in the same period a year earlier. Chief executive officer Ellis Jacob attributed the lift to "the return of strong film product," which came as the company and other theatre chains continued to rebound from the COVID-19 pandemic. The biggest hit Cineplex had on offer in the second quarter was The Super Mario Bros. Movie, which set a record for the biggest opening for an animated film ever. However, music screenings from BTS member Suga, Machine Gun Kelly and Coldplay and Punjabi films Annhi Dea Mazaak Ae, Godday Godday Chaa and Jodi also delivered audiences. The lineup pushed up Cineplex's second quarter revenues by 21 per cent to $423.1-million compared with $349.9-million the year before. However, box office revenues of $164.5-million remained at 79 per cent of 2019 levels, which reached $189.4-million.

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