MASSIVE FOURTH QUARTER LOSS FOR CINEPLEX

Feb 12, 2021

By Andy Johnson

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Canada’s largest theatre chain has announced a fourth quarter loss of more than $230 million.

The loss compares with a profit of $3.5 million in the same period last year.

The company says it has reached a deal with its lenders to further amend its credit agreement as it struggles through the financial impact of COVID -19.

The loss is the result of theatres being closed amid tighter restrictions to slow the spread of the pandemic.

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