Cinemark, the nation’s third largest movie chain, said revenues for the first quarter ended in March fell to $114 million from $543 million the year before.Admissions revenues stood at $56 million and concession revenues $39 million.
Attendance was 7.7 million, average ticket price was $7.25 and concession revenue per patron was $5.10. Shares were slightly higher in premarket trade as sales beat Wall Street consensus.Cinemark posted a net loss of $208 million compared to $59.6 million the year earlier, or diluted loss per share of $1.75 versus $0.51.‘We are now actively on the road to recovery,” said CEO Mark Zoradi, echoing comments by AMC CEO Adam Aron at AMC Entertainment Thursday and Marcus Theatres chief executive the year before. “We
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