IMAX China Reports Half-year 2020 Financial Results

GREATER CHINA HIGHLIGHTS(Note: Percentage and other changes refer to first-half 2019 unless otherwise noted) 401 out of IMAX China's approximately 700 theatre network in Chinese mainland have resumed operations under the China Film Administration's guidelines. Including the Hong Kong and Taiwan network, 411 IMAX Greater China theatres are open as of the reporting date. IMAX China signed 22 deals in the first half of 2020, led by a 20-theatre agreement with longtime partner and industry leader Wanda Film, and a new agreement at the highly anticipated Universal Beijing CityWalk. Backlog reached 271 systems as of June 30, 2020. Revenue of US$6.7 million, down 89% year-over-year, with an adjusted net loss of US$15.5 million due to the adverse impact of COVID-19 and the temporary closure of most of the theatre network. The Company maintains a strong balance sheet with US$73.8 million in net cash as of June 30, 2020. Approval of a stable interim dividend of approximately US$7 million (US$0.02 per share) for the first half of 2020. SHANGHAI, July 29, 2020 /PRNewswire/ -- IMAX China Holding, Inc. ("IMAX China" or the "Company", HKSE: 1970) today reported half-year 2020 Greater China revenue of US$6.7 million, gross and adjusted loss of US$4.0 million To keep reading about IMAX China Reports Half-year 2020 Financial Results, Click on the link. Seoul, Korea
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