IMAX China Profit Falls

IMAX China Holdings posted a 7.1% drop in net profit in H1 2017 as ticket sales remained slow. Profit for the period stood at US$16.5 million, below analyst expectations of US$17 million. Ray Zhao, an analyst at Guotai Junan Securities, feels the outlook for IMAX China in H2 2017 remains challenging. “If they could not gain profit with such a strong setting, it would seem a bit worrying for their profit prospect for the second half,” states Zhao.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.