Cineplex Inc. says net profit is positive for the first time since the start of the pandemic.
Net income for the quarter ended June 30 was $1.3 million, or 2 cents per share, compared with $103.7 million, or $1.64 per share, for the quarter ended June 30, according to the cinema company. ) was the loss.
Total revenue was $349.9 million, up from his $64.9 million the year before.
Theater attendance for the quarter totaled 11.1 million, according to Cineplex, compared to 1.1 million in the same quarter last year, which was still facing pandemic-related restrictions.
Box office revenue per patron was $12.29 in the second quarter, compared with $10.89 in the same period last year, compared with $8.84 in concession revenue per patron in the same quarter last year. Up from $7.86.
Top Gun: Maverick, Dr. Strange in the Mad Multiverse and Jurassic World Dominion were Cineplex's top movies of the quarter and CEO 's Ellis Jacob said in a release: The cumulative success of these films is "a testament to the fact that Canadians return to (the company's) theaters in droves when a strong film product becomes available."
