News Formal

Cinemark Touts “Faster” Recovery Than Expected as Results Improve, Driven by Domestic Business

  • 📰 THR
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The cinema giant says its 'domestic segment generated positive adjusted EBITDA' for the first time since the COVID outbreak.

The exhibitor, led by CEO Mark Zoradi, has a particularly strong presence in Latin America. In mid-March, Cinemark reopened its cinemas in the greater Los Angeles area with enhanced cleaning and safety protocols.

“I’m pleased to report that the second-quarter recovery of our industry and business progressed at a faster rate than we expected with the North American industry box office more than tripling first-quarter results,” said Zoradi.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

General Motors is set to report earnings before the bell. Here's what Wall Street expectsGM has projected better-than-expected results in the second quarter despite the industrywide impact of the semiconductor shortage.
Source: CNBC - 🏆 12. / 72 Read more »

General Motors misses Wall Street second-quarter earnings expectations, raises 2021 guidanceEARNINGS: GM missed Wall Street’s expectations for Q2 earnings, but raised its guidance for the year. Lebeaucarnews has the numbers.
Source: CNBC - 🏆 12. / 72 Read more »