Regal-owner Cineworld has updated on the current impact of coronavirus on its businesses. In a statement to market today, the exhibition giant said, “Given the impact that COVID-19 is having …
In a statement to market today, the exhibition giant said, “Given the impact that COVID-19 is having on the broader markets, we feel it is important to update our shareholders on current trading. Thus far, we have not observed any material impact on our movie theatre admissions due to COVID-19.
There can be no certainty as to the future impact of COVID-19. We are however taking measures to ensure that we prepare our business for all possible eventualities. Should conditions relating to COVID-19 continue or worsen, we have measures at our disposal to reduce the impact on our business including, but not limited to, capex postponement and cost reduction.”became the biggest tentpole to shift dates earlier this week.
The Cineworld group also issued financial information for the year ending 31 December 2019 ahead of the release of audited results for that period on 12 March. Subscribe to
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