Regal Owner Cineworld Swings to First-Half Loss, Says "No Certainty" on Future Impact of COVID-19

hollywoodreporter.com:

Exhibition giant and Regal owner Cineworld Group on Thursday swung to a loss for the first half of 2020 as revenue fell sharply amid the novel coronavirus pandemic, which led to cinema closures worldwide. "The impact of COVID-19 on our business and the wider leisure industry has been substantial, with the closures of all of our cinemas worldwide for an extended period," said Cineworld CEO Moshe "Mooky" Greidinger.

The firm also warned thatthere was "no certainty" about what impact the pandemic could have in the future. Cineworld's stock was down nearly 15 percent as of 9:55 a.m.

London time. Revenue for the six-months period fell to $712.4 million, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) dropped to.