Cineplex Inc. lost $103.7 million in its second quarter as it was able to open more theatres as provinces began to reduce mandatory closures and ease capacity restrictions.
CEO Ellis Jacob says that as of July 17 all of the company’s theatres and entertainment venues were open.
The movie theatre company says the loss amounted to $1.64 per diluted share for the quarter ended June 30 compared with a loss of $98.9 million or $1.56 per diluted share a year ago.
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Revenue was $64.9 million, up from $22 million in the same quarter last year.
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