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Cineplex ( (TSE:CGX) ) has issued an announcement.
Cineplex reported a strong financial performance for the fourth quarter and full year 2024, with a 15.1% increase in revenues and a significant rise in net income compared to the previous year. The company achieved record-breaking box office figures, expanded its digital media network, and opened new entertainment venues, reinforcing its market position and commitment to shareholder value. With strategic initiatives like refinancing and divesting non-core assets, Cineplex is poised for future growth, driven by its diversified offerings and expanding media segment.
More about Cineplex
Cineplex Inc., a leading Canadian entertainment company, operates in the entertainment industry with a focus on cinema operations and location-based entertainment venues. The company also has a strong presence in digital media advertising, particularly within shopping malls across Canada.
YTD Price Performance: -12.18%
Average Trading Volume: 28,789
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $468.5M
See more data about CGX stock on TipRanks’ Stock Analysis page.
