IMAX China Parent's Q1 Profit Drops 30% Despite Higher Revenue

MT Newswires Live

04/24

IMAX China's (HKG:1970) controlling shareholder, NYSE-listed IMAX Corp., recorded a 30% decline in its first-quarter attributable profit to $2.3 million from $3.3 million a year prior.

The giant screen exhibitor's earnings per share slid to $0.04 from $0.06 a year earlier, according to a Thursday filing with the Hong Kong Exchange.

Revenue rose 10% to $86.7 million from $79.1 million in the year-ago period, driven by increased installations and stronger box office performance.

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