Wanda Film China Coronavirus covid-19 reports 2020 Wanda Film China

China’s Wanda Film Anticipates Up to $228 Million Loss in First Half of 2020

Reading now: 322
variety.com

Rebecca Davis editorChina’s largest cinema chain operator Wanda Film said Tuesday that it anticipates reporting a net loss of between $214 and $228 million (RMB 1.5 to 1.6 billion) in the first half of the year, after cinemas were shut for almost that entire time due to COVID-19.

In contrast, the firm saw a net profit of $75 million (RMB 524 million) during the same period last year. “All the more than 600 cinemas of Wanda Film in China have been closed since Jan.

23, and the ones overseas also suspended business after the end of March,” the Shenzhen-listed firm said in a stock exchange filing.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA