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Palace Amusement suffers almost $50 million loss for January to March quarter

Palace Amusement suffered a near $50 million loss for the January to March quarter.
 
It recorded a $49.2 million net loss compared to a $43.7 million profit during the same period last year.
 
During the three months, Palace Amusement earned $229 million in revenue compared to $254.5 million in 2019.
 
The company has not shown movies since COVID-19 restrictions were imposed in March. 
 


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