September 29, 2016 12:13 AM ET

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Company Overview of The Palace Amusement Company (1921) Limited

Company Overview

The Palace Amusement Company (1921) Limited, together with its subsidiaries, operates cinema theatres 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 Group and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

The Palace Amusement Company (1921) Limited reported unaudited group and parent earnings results for the second quarter and six months ended June 30, 2016. For the quarter, on group basis, the company's revenue was $249,330,000 compared to $265,556,000 a year ago. Operating profit was $10,665,000 compared to $35,458,000 a year ago. Profit before taxation was $10,270,000 compared to $34,880,000 a year ago. Net profit was $9,647,000 compared to $25,255,000 a year ago. Net profit attributable to stockholders of the company was $9,698,000 compared to $25,312,000 a year ago. Earnings per stock unit attributable to stockholders of the company was $6.75 compared to $17.61 a year ago. For the six months, on group basis, the company's revenue was $909,240,000 compared to $915,761,000 a year ago. Operating profit was $22,135,000 compared to $44,371,000 a year ago. Profit before taxation was $20,156,000 compared to $41,620,000 a year ago. Net profit was $19,533,000 compared to $31,995,000 a year ago. Net profit attributable to stockholders of the company was $19,678,000 compared to $32,150,000 a year ago. Earnings per stock unit attributable to stockholders of the company was $13.69 compared to $22.37 a year ago. Cash provided by operating activities was $38,469,000 compared to $27,815,000 a year ago. Purchase of property, plant and equipment was $19,534,000 compared to $10,571,000 a year ago. For the quarter, on parent basis, the company's revenue was $183,275,000 compared to $200,963,000 a year ago. Operating profit was $8,637,000 compared to $33,597,000 a year ago. Profit before taxation was $8,254,000 compared to $33,031,000 a year ago. Net profit for the year from continuing operations was $7,631,000 compared to $26,307,000 a year ago. For the six months, on parent basis, the company's revenue was $659,020,000 compared to $662,813,000 a year ago. Operating profit was $14,065,000 compared to $31,549,000 a year ago. Profit before taxation was $12,187,000 compared to $28,900,000 a year ago. Net profit for the year from continuing operations was $11,564,000 compared to $22,176,000 a year ago. Cash provided by operating activities was $26,097,000 compared to $23,961,000 a year ago. Purchase of property, plant and equipment was $8,706,000 compared to $8,446,000 a year ago.

Palace Amusement Company Limited Announces the Resignation of Christine McMorris as Director

Palace Amusement Company Limited has advised that Director, Christine McMorris has resigned from the Board of Directors effective May 20, 2016.

The Palace Amusement Company (1921) Limited Recommends Dividend, Payable on January 19, 2016

The Palace Amusement Company (1921) Limited announced that a dividend of $1.75 per stock unit be recommended to be paid to shareholders on record at January 8, 2016. The ex-dividend date to be January 6, 2016, and payment made on January 19, 2016.

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