Cineplex reports Q3 sales and distinction down as fewer people go to a movies

Cineplex Inc. shares traded down on Tuesday as a association saw a third-quarter distinction and income trip reduce compared with a year ago as fewer people went to a movies.

The film entertainment association says it warranted $17.2 million or 27 cents per diluted share for a entertain finished Sept. 30 compared with a distinction of $26.0 million or 41 cents per diluted share a year ago.

Revenue totalled $370.4 million, down from $376.0 million.

In afternoon trade on a TSX, Cineplex shares traded down roughly 4 per cent, shifting $1.45 to $37.01.

Cineplex says assemblage fell to 16.8 million compared with 19.2 million in a same entertain final year.

However, while assemblage was down, business spent more.

The association says box bureau income per enthusiast increasing to $9.81 compared with $9.65 a year ago, while benefaction income per enthusiast also increasing to $6.01 compared with $5.69 final year.

Article source: http://www.cbc.ca/news/business/cineplex-earnings-1.4391395?cmp=rss