Thursday, February 11, 2016

Here’s Why Cineplex Inc.: CGX Should Be a Core Holding

Cineplex Inc. (TSX:CGX) once again impressed investors with solid results that show increasing attendance and strong performance out of every segment. Here are five trends that lead me to believe that Cineplex should be a core holding in your portfolio.
Strong box office revenues
Box office revenues represented 59% of total revenues in the quarter and 52% of revenues for the year. Revenues increased 13.8% in the fourth quarter and 5.7% for the full year. Breaking this number down, fourth-quarter attendance increased 7.1%, and box office revenue per patron increased 6.3%.  (more)

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