CJ CGV stays in red in Q3 - The Korea Times

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CJ CGV stays in red in Q3

An image of CJ CGV's Tempur Cinema which provides a new level of luxury with reclining beds and full concierge service. Courtesy of CJ CGV
An image of CJ CGV's Tempur Cinema which provides a new level of luxury with reclining beds and full concierge service. Courtesy of CJ CGV

CJ CGV Co. on Thursday reported its third-quarter net loss of 7.1 billion won (US$ 6.1 million).

The company said in a regulatory filing that it posted 31 billion won in operating profit for the quarter, compared with 32.7 billion won a year ago. Revenue rose 5.2 percent to 497.5 billion won over the cited period.

The operating profit was 20.5 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available. (Yonhap)


An image of CJ CGV's Tempur Cinema which provides a new level of luxury with reclining beds and full concierge service. Courtesy of CJ CGV
An image of CJ CGV's Tempur Cinema which provides a new level of luxury with reclining beds and full concierge service. Courtesy of CJ CGV

CJ CGV Co. on Thursday reported its third-quarter net loss of 7.1 billion won (US$ 6.1 million).

The company said in a regulatory filing that it posted 31 billion won in operating profit for the quarter, compared with 32.7 billion won a year ago. Revenue rose 5.2 percent to 497.5 billion won over the cited period.

The operating profit was 20.5 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available. (Yonhap)




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