Despite earning $20 million in revenue for the first time, the CinemaONE Group has reported a net loss of $7.4 million for fiscal year 2024. In the company’s audited financial statements for the year ended September 30, 2024, the group reported that the higher operating costs associated with the management of three cineplex sites resulted in an operating loss of -$1.4 million, despite seeing improvements in gross revenue and gross profit.
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