Cineworld made a record $3bn (£2.2bn) loss for last year, revealing the scale of the financial toll that months of cinema closures has brought to the world’s second largest cinema chain. The company, which yesterday said it had raised a further $213mn in funds to push it through to the beginning of a staged reopening of cinemas from next month, said revenues had decreased by more than 80% from $4.3bn pre-pandemic to $852mn last year. A $3bn pre-tax loss in 2020, the first annual loss in the company’s history, compared with profits of $212mn in 2019. Cineworld, which operates 663 movie theatres, said all of its sites have mostly remained closed since mid-March last year. Its estate, which in
Hence then, the article about cineworld makes 3bn loss as covid closures take toll was published today ( ) and is available onٌRayaٌ news ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Cineworld makes $3bn loss as Covid closures take toll )