Big loss for Palace Amusement due to covid-19 shutdown

Palace Amusement, Jamaica's leading cinema operator, 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.