CINEPLEX SETS ATTENDANCE RECORD

May 03, 2016

By Michael Kramer

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Canada’s biggest movie theatre chain says it set a record for attendance in the first quarter – thanks in part to the continued interest in the “Star Wars” saga.

Cineplex Inc. says it welcomed 20.6 million patrons during the first three months of this year.

That’s a 17.4 per cent increase over the first quarter of 2015.

Revenue from all business lines totalled $379.9 million, up 30.8 per cent from $289.8 million a year earlier.

Box office sales accounted for $192.6 million of the total revenue, with smaller contributions coming from food, amusement games and other types of leisure activities.

Net income more than doubled – to $21.5 million or 34 cents per share from $10.5 million or 17 cents per share.

That means the dividend to Cineplex shareholders will increase by 3.8 per cent – to $1.62 per share on an annualized basis.

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