Palace Amusement says COVID-19 containment measures including curfews, gathering limit restrictions and no-movement days in the quarter significantly impacted its earnings.
Movie theatre operator Palace Amusement ended its first quarter with more losses despite improved revenues.
At the end of September, the company registered a net loss of $79.6 million.
That was a decline from the $94.7 million loss suffered during the same period last year.
Palace earned $80 million in revenue during the three months versus $29 million in 2020.
Palace Amusement says COVID-19 containment measures including curfews, gathering limit restrictions and no-movement days in the quarter significantly impacted its earnings.
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