Kinepolis Group Nv Reports Earnings Results for the Half Year Ended June 30, 2020
August 20, 2020 at 07:06 am EDT
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Kinepolis Group NV announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was EUR 112.575 million compared to EUR 238.080 million a year ago. Operating loss was EUR 25.851 million compared to operating Income of EUR 36.161 million a year ago. Net loss was EUR 29.555 million compared to net income of EUR 18.796 million a year ago. Basic loss per share was EUR 1.1 compared to basic earnings per share of EUR 0.7 a year ago. Diluted loss per share was EUR 1.09 compared to diluted earnings per share of EUR 0.7 a year ago.
Kinepolis Group NV specializes in operating multiplex movie theaters. The activity is organized around 3 areas:
- operation of cinema multiplexes: sale of tickets, confectionery, and beverages, sale of advertising space, event organization, etc. At the end of 2022, the group has a network of 110 cinemas in Belgium (11), Canada (38), the Netherlands (20), France (16), the United States (10), Spain (10), Luxembourg (3), in Switzerland and Poland;
- leasing of commercial spaces: restaurants, outlets, etc.;
- other: cinematographic distribution and production, and technical services (primarily technical assistance and projector maintenance; Decatron).