Cineplex reports profit of $10.2M

Cineplex Inc. reported a profit of $10.2 million in its fourth quarter compared with a loss of $21.8 million a year earlier as its revenue increased more than 15 per cent. It says its net profit amounted to 16 cents per diluted share for the quarter ended Dec. 31 compared with a loss of 34 cents per share in the last three months of 2021. Revenue totalled $350.1 million, up from $300 million a year earlier.