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August 03, 2015 11:38 PM ET

Media

Company Overview of The Palace Amusement Company (1921) Limited

Company Overview

The Palace Amusement Company (1921) Limited, together with its subsidiaries, operates cinema theaters in Jamaica and Grand Cayman. It operates in three segments: Cinema Activities, Film Activities, and Screen Advertising Activities. The company is primarily involved in the theatre operations and the sale of confectionery items. It also engages in the purchase of films from distributors and the rental of films to cinema operators. The company is headquartered in Kingston, Jamaica. The Palace Amusement Company (1921) Limited is a subsidiary of Russgram Investments Limited.

1a South Camp Road

Kingston,  

Jamaica

Phone:

876-928-1248

Fax:

876-928-5632

Key Executives for The Palace Amusement Company (1921) Limited

The Palace Amusement Company (1921) Limited does not have any Key Executives recorded.

The Palace Amusement Company (1921) Limited Key Developments

The Palace Amusement Company (1921) Limited Reports Unaudited Consolidated and Company Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

The Palace Amusement Company (1921) Limited reported unaudited consolidated and company earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, on consolidated basis, the company reported revenue of $208,971,000 compared to $184,621,000 a year ago. Operating profit was $2,239,000 compared to operating loss of $8,063,000 a year ago. Net profit before taxation was $1,545,000 compared to loss of $9,123,000 a year ago. Net profit attributable to Stockholders of the company was $1,576,000 compared to net loss attributable to Stockholders of the company of $9,087,000 a year ago. Earnings per stock unit attributable to stockholders of the company were $1.10 compared to loss per stock unit attributable to stockholders of the company of $6.32 a year ago. For the nine months, on consolidated basis, the company reported revenue of $650,356,000 compared to $597,724,000 a year ago. Operating profit was $8,913,000 compared to operating loss of $12,657,000 a year ago. Net profit before taxation was $6,740,000 compared to loss of $15,679,000 a year ago. Net profit attributable to Stockholders of the company was $6,838,000 compared to net loss attributable to Stockholders of the company of $15,586,000 a year ago. Earnings per stock unit attributable to stockholders of the company were $4.76 compared to loss per stock unit attributable to stockholders of the company of $10.85 a year ago. Cash provided by operating activities was $6,744,000 compared to cash used in operating activities of $26,342,000 a year ago. Purchase of property, plant and equipment was $8,805,000 compared to $27,931,000 a year ago. For the quarter, on company basis, the company reported revenue of $148,651,000 compared to $138,934,000 a year ago. Operating loss was $1,110,000 compared to $2,633,000 a year ago. Loss before taxation was $1,765,000 against $3,644,000 a year ago. Total comprehensive loss was $1,308,000 compared to $3,666,000 a year ago. For the nine months, on company basis, the company reported revenue of $462,001,000 compared to $440,809,000 a year ago. Operating loss was $2,048,000 compared to $5,628,000 a year ago. Loss before taxation was $4,131,000 against $8,552,000 a year ago. Total comprehensive loss was $3,570,000 compared to $8,764,000 a year ago. Cash provided by operating activities was $4,189,000 compared to cash used in operating activities of $41,514,000 a year ago. Purchase of property, plant and equipment was $7,488,000 compared to $14,821,000 a year ago.

The Palace Amusement Company (1921) Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

The Palace Amusement Company (1921) Limited reported earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported revenue of JMD 203.6 million compared to JMD 202.7 million, operating profit of JMD 2.9 million compared to operating loss of JMD 8.1 million, net profit before taxation of JMD 2.1 million compared to net loss before taxation of JMD 9.1 million and net profit attributable to stockholders of the company of JMD 2.1 million or JMD 1.48 per share compared to net loss attributable to stockholders of the company of JMD 9.1 million or JMD 6.35 per share for the last year. For the six months, the company reported revenue of JMD 441.4 million compared to JMD 413.1 million, operating profit of JMD 6.7 million compared to operating loss of JMD 4.6 million, net profit before taxation of JMD 5.2 million compared to net loss before taxation of JMD 6.6 million and net profit attributable to stockholders of the company of JMD 5.3 million or JMD 3.66 per share compared to net loss attributable to stockholders of the company of JMD 8.3 million or JMD 4.52 per share for the last year. Cash provided by operating activities was JMD 7.7 million compared to cash used in operating activities of JMD 1.4 million purchase of property, plant and equipment was JMD 7.9 million compared to JMD 26.8 million in last year.

The Palace Amusement Company (1921) Limited Announces Unaudited Consolidated and Company Earnings Results for the First Quarter Ended September 30, 2014

The Palace Amusement Company (1921) Limited announced unaudited consolidated and company earnings results for the first quarter ended September 30, 2014. For the quarter, on consolidated basis, the company reported revenue of JMD 237,756,000 against JMD 210,429,000 a year ago. Operating profit was JMD 3,782,000 against JMD 3,523,000 a year ago. Net profit before taxation was JMD 3,095,000 against JMD 2,590,000 a year ago. Net profit attributable to stockholders of the company was JMD 3,133,000 or JMD 2.18 per share against JMD 2,619,000 or JMD 1.82 per share a year ago. Cash provided by operating activities was JMD 17,530,000 against cash used in operating activities of JMD 18,079,000 a year ago. Purchase of property, plant and equipment was JMD 6,396,000 compared to JMD 8,707,000 a year ago. For the quarter, on company basis, the company reported revenue of JMD 172,030,000 against JMD 154,585,000 a year ago. Operating loss was JMD 707,000 against operating profit of JMD 3,183,000 a year ago. Net loss before taxation was JMD 1,394,000 against net profit before taxation of JMD 2,250,000 a year ago. Cash provided by operating activities was JMD 15,880,000 against cash used in operating activities of JMD 19,607,000 a year ago. Purchase of property, plant and equipment was JMD 5,253,000 compared to JMD 7,052,000 a year ago.

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