Naman Ramachandran Despite a period of temporary closures from January to April/May 2021 due to COVID-19 restrictions and limited film slate, business rallied in the fourth quarter for the Cineworld Group cinema chain to post revenues of $1.8 billion for 2021.
The company recorded a $708.3 million loss before tax for the full year ending Dec. 31, 2021, a vast improvement from the $3 billion loss in 2020.
Alicja Kornasiewicz, chair of Cineworld Group plc, said: “The COVID-19 pandemic dominated the financial year and provided an enormous challenge for our business, our people and our partners.
I am very proud of how the business has met these challenges, delivering to the very best of our abilities for all our stakeholders.
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