Cinemark half mixed

Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993.

While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year earlier.

Cinemark — the nation’s sixth-largest exhibitor with 1,083 screens in 26 states — said the decrease in net income resulted primarily from an increase of $ 1 million in interest expense in the second quarter of 1993, to $ 3.8 million from $ 2.8 million last year.

Cash flow — one of the most important barometers of an exhibitor’s operating health — decreased to $ 8.0 million for the second quarter from $ 8.4 million in 1992. However, cash flow for the six-month period ended June 30, increased 1. 7% to $ 17 million from $ 16.8 million in the year-ago period.

Net income decreased 46.5% in the first half to $ 2.2 million from $ 4.2 million despite a revenue boost of 14.1% to $ 105.8 million.

More Film

  • Durban FilmMart Celebrates Women as Industry

    Durban FilmMart Celebrates Women as Industry Still Struggles With Transformation

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • MayFair, directed by Sara Blecher

    Sara Blecher’s ‘Mayfair’ Brings Feminine Gaze to Gangster Tale

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • Todd Brown, XYZ Films

    African Finance Under Spotlight at Durban FilmMart  

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • Ryan Reynolds'Deadpool' panel, Comic-Con International, San

    Ryan Reynolds Wants to Explore Deadpool's Bisexuality in Future Films

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • Mandatory Credit: Photo by Invision/AP/REX/Shutterstock (9243328q)From

    Jonathan Gold, Pulitzer Prize-Winning Restaurant Critic, Dies at 57

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • Johnny Depp Amber Heard

    Johnny Depp, Amber Heard Appear Moments Apart at WB's Comic-Con Panel

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

  • Patty Jenkins, Chris Pine and Gal

    'Wonder Woman 1984' Team Talks '80s Setting, Chris Pine's Resurrection

    Dallas-based exhibitor Cinemark USA Wednesday reported mixed operating results for its second quarter and first half ended June 30, 1993. While revenues increased 12.8% to $ 55.1 million from $ 48.8 million in the same period last year, net income for the period dropped to just $ 600,000 compared to $ 1.3 million a year […]

More From Our Brands

Access exclusive content