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Palace Amusement records first quarter loss

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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