“Our business made tremendous strides during the quarter and that momentum continues,” he said on a Thursday call with analysts. The Toronto-based theatre giant said Thursday 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.Įllis Jacob, Cineplex chief executive, 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, which temporarily closed cinemas and slowed the flow of new releases.
Movie hit theatres and the cinema chain began preparing for a Barbie boost. Cineplex Inc.’s net income mushroomed to $176.5 million in its second quarter as The Super Mario Bros.
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