Cineplex theatre attendance totalled 12.1 million patrons during the third quarter, down from 13.3 million a year ago.Christopher Katsarov/The Canadian Press
Cineplex Inc. CGX-T reported a profit of $1.2-million in its latest quarter compared with a loss of $24.7-million a year ago as its revenue fell nearly 9 per cent.
The movie theatre company says the profit amounted to 2 cents per diluted share for the quarter compared with a loss of 39 cents per diluted share in the same quarter last year.
Revenue totalled $348.9-million, down from $382.3-million a year ago when moviegoers packed theatres for Deadpool & Wolverine.
Theatre attendance totalled 12.1 million patrons, down from 13.3 million in the same quarter last year.
Box office revenue per patron was $13.23 in the quarter, up from $13.19 a year ago, while concession revenue per patron was $9.65, down from $9.85 in the same quarter last year.
Last month, Cineplex announced a deal to sell digital signage subsidiary Cineplex Digital Media, which offers signage for a wide range of businesses including retailers and banks as well as digital menu boards for restaurants, to U.S.-based Creative Realities Inc. for $70-million.