AMC Entertainment revenue grows 14 percent to $1.597 billion
AMC Entertainment saw its share price climb by as much as 25.77 percent during intra-day trading on Monday at $2.44 apiece.
The company posted its highest quarterly revenue in its 106-year history, with revenues growing by 14 percent to $1.597 billion from $1.398 billion in the same period last year.
The company’s first half tally reached $2.64 billion, or a 17-percent increase from $2.26 billion in the comparable period.
The company widened its net loss in the second quarter by 142 percent to $11.4 million from $4.7 million year-on-year, but slashed its first half tally by 37.9 percent to $128.5 million from $206.8 million.