IMAX China's (HKG:1970) controlling shareholder, NYSE-listed IMAX Corp., recorded a 30% decline in its first-quarter attributable profit to $2.3 million from $3.3 million a year prior.
The giant screen exhibitor's earnings per share slid to $0.04 from $0.06 a year earlier, according to a Thursday filing with the Hong Kong Exchange.
Revenue rose 10% to $86.7 million from $79.1 million in the year-ago period, driven by increased installations and stronger box office performance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.