Cineplex Swings To Q1 Profit, Lifts Dividend By 5%
Canada's Cineplex Inc (OTC: CPXGF) swung to a profit in the first-quarter and lifted its annual dividend by 5%.
Cineplex posted its quarterly net income at C$15.1 million, versus a year-ago loss of C$848,000. Its total revenue gained 12% to C$248.2 million.
Its box-office revenue surged 15% to C$149.4 million in the same period.
Cineplex lifted its annual dividend to C$1.35 per share, versus C$1.29 per share.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.