Cineworld shares slump 15% after half-year earnings
Cineworld has suffered severe effects from the pandemic, reporting pre-tax loss of $1.64bn in the half-year earnings. IGTV’s Jeremy Naylor looks at the chart and the damage that has been done to Cineworld.
With the coronavirus having closed many consumer activities, cinemas around the world have suffered severe effects from the pandemic, including Cineworld. The company has reported a disappointing set of earnings this morning, with pre-tax loss of $1.64bn (vs $139.7m in profit year on year), with revenue falling to $712.4m. Jeremy Naylor looks at the chart.
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