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TORONTO 鈥?Shares of Cineplex Inc. TSX:CGX fell Wednesday after the company reported a drop in second-quarte
stanley cup r profit compared with a year ago as fewer people filled its theatres
termo stanley .The stock fell as low as $41.50 before recovering some of the ground it lost. Cineplex was dow
botella stanley n $3.26 at $46.22 in morning trading on the Toronto Stock Exchange.The company said it earned $1.4 million or two cents per share in its latest quarter, down from a profit of $7.2 million or 12 cents per diluted share a year ago. ARTICLE CONTINUES BELOW Revenue improved to $364.1 million, up from $338.0 million in the same quarter last year.Cineplex chief executive Ellis Jacob says the overall growth in revenue was due primarily to higher amusement revenue from the company growth and diversification. ARTICLE CONTINUES BELOW Amusement revenue improved to $45.7 million compared with $24.6 million a year ago, boosted by the company acquisitions of Tricorp Amusements Inc. and SAW last year and Dandy Amusements International Inc. earlier this year.Meanwhile, box office revenue totalled $170.7 million, up from $166.7 million, while attendance slipped to 16.5 million compared with 16.9 million a year ago. ARTICLE CONTINUES BELOW Food service revenue grew to $101.4 million compared with $96.8 million, while media revenue fell to $36.6 million from $40.2 mill Czan Navy should prepare for hard warship talks: Norman
Toronto could be a more comfortable place for tenants by the end of the year, even if the COVID-19 precautions slow down wo
stanley cup rk at some construction sites, says the president of Urbanation, a market research firm which tracks development.Shaun Hildebrand said condo rents could decline by as much as five per cent this year, retreating to 2018 levels. Thats about $100 less than the current average of about $2,400 a month.Vacancy rates on the condo side of the market could also climb to three to four per cent, a level that Toronto hasnt experienced since the economic collapse of 2009, and one considered healthi
stanley vaso er than the app
stanley cup roximately one to two per cent vacancy level that has persisted in recent years. ARTICLE CONTINUES BELOW Were still underbuilding rentals but I dont think its going to feel like it this year, said Hildebrand.Thats because the Toronto area was expected to add 33,000 units to the rental stock this year 鈥?about 29,000 of those are condos. The remaining 4,000 are purpose-built rentals. ARTICLE CONTINUES BELOW Thats a significant increase from last year, when there were 14,468 condo completions and 3,627 purpose-built units. The high for condo completions was 2014 when 21,133 units came on stream 鈥?and rents grew by only 0.8 per cent.Hildebrand expects closing borders due to COVID-19 will be one factor reducing demand for apartments. The number of non-permanent workers and
