Cineplex Swings to Quarterly Loss on Sliding Box Office
In Q1 of this year, Cineplex reported a net loss of approximately $36.6 million (equivalent to about $26.2 million USD), which is in stark contrast to the profit of CAN$5.2 million they made during the same quarter last year. Interestingly, the previous year saw them earning an impressive gain of CAN$68 million following the sale of their Player One Amusement Group business to OpenGate Capital, a private equity firm.