Ailing exhibition giant Cineworld Group, which is currently finalizing a reorganization plan having filed for Chapter 11 bankruptcy in the U.S.
earlier this month, has released encouraging interim results for the six months to June 30, 2022. Overall revenue rose to $1.5b against $292.8m in the same period in 2021, for a gross profit of $424.5m and an operating profit of $57.3m, against an operating loss of $208.9m in the same period last year.
The company’s debt position worsened, however, standing at $5,2b on June 30, against $5.03b on December 30, 2021. The exhibitor, which operates 747 sites and 9,139 screens in 10 territories worldwide, led by the U.S.Read more on deadline.com
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