AMC cuts 3rd-quarter loss
Exhibition expenses jumped 8%, operating costs up 6%
That compared with red ink totaling $10 million in the same period of the previous fiscal year.
Exhibition expenses jumped 8% to $106.9 million, and theater-operating costs were up 6% to $79.2 million. Concession costs dropped 18% to $9.8 million.
Revenue at the Kansas City, Mo.-based circuit rose 5% to $316.3 million in the latest 13-week period, ended Dec. 27.
Results "reflect the strength of AMC's industry-leading portfolio of high-performing theaters," chairman-CEO Peter Brown said.
