Edition:
United Kingdom

Imax China Holding Inc (1970.HK)

1970.HK on Hong Kong Stock

28.60HKD
21 May 2018
Change (% chg)

HK$0.45 (+1.60%)
Prev Close
HK$28.15
Open
HK$28.15
Day's High
HK$28.85
Day's Low
HK$28.15
Volume
815,700
Avg. Vol
1,193,317
52-wk High
HK$35.75
52-wk Low
HK$16.84

Latest Key Developments (Source: Significant Developments)

Imax ‍Signs 30 Theatre Agreement With Guangzhou Jinyi Media Corp In China​
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Imax Corp - ‍Signs 30 ::THEATRE AGREEMENT WITH GUANGZHOU JINYI MEDIA CORPORATION IN CHINA​.‍THEATRES ARE EXPECTED TO OPEN BEGINNING THIS YEAR THROUGH 2023 WITH APPROXIMATELY HALF TO BE INSTALLED BY 2019​.‍AGREEMENT BRINGS TO 885, IMAX'S TOTAL NUMBER OF CONTRACTED THEATRES IN GREATER CHINA WITH 543 OPEN AND 342 CONTRACTED TO OPEN​.  Full Article

Imax China Holding Says FY Adjusted Profit $‍45.9​ Mln
Tuesday, 27 Feb 2018 

Feb 28 (Reuters) - Imax China Holding Inc <1970.HK>::FY TOTAL REVENUE $126.5‍​ MILLION VERSUS $118.5 MILLION.‍RECOMMENDS FINAL DIVIDEND OF $0.04 PER SHARE​.FY ADJUSTED PROFIT $ ‍45.9​ MILLION VERSUS $37.6 MILLION.EXPECTS TO INSTALL APPROXIMATELY 105 NEW THEATRES FOR YEAR 2018​.‍EXPECTS 2018 SALES, GENERAL & ADMINISTRATIVE EXPENSES, EXCLUDING SHARE-BASED COMPENSATION TO GROW ROUGHLY 9%​.  Full Article

Imax China Holding says HY net profit $16.5 mln
Thursday, 27 Jul 2017 

July 27 (Reuters) - Imax China Holding Inc <1970.HK>:Board has recommended that no interim dividend be paid in respect of six months ended 30 June 2017..HY total revenue $51.6 million versus $55.1 million.HY profit for the period attributable to owners of the co $16.5 million versus $17.7 million.  Full Article

Imax announces new share-repurchase program and cost-reduction initiative
Monday, 12 Jun 2017 

June 12 (Reuters) - Imax Corp : :Imax announces new share-repurchase program and cost-reduction initiative.Imax Corp - authorizes repurchase of up to $200 million of its common shares by June 30, 2020.Imax Corp - implementing a cost-reduction plan that will target approximately $20 million in annualized cost savings.Says as part of its cost-reduction plan Imax expects approximately 100 full-time positions.Imax Corp - expects to report aggregate pre-tax restructuring and impairment charge of about $15 million in 2017 in connection with cost-reduction efforts.Says company further expects about $11 million of restructuring and impairment charges will be recognized in Q2 of 2017.Imax Corp - anticipates cost savings to take effect beginning in Q3 of 2017.  Full Article

Imax continues rapid expansion with Les Cinémas Gaumont Pathé in Europe
Wednesday, 24 May 2017 

May 24 (Reuters) - Imax Corp : :Imax continues rapid expansion with Les Cinémas Gaumont Pathé in Europe; signs an additional six-theatre agreement for the group's top-performing locations in France And Holland.Says ‍five Imax theatres featuring Imax's next-generation laser technology will be added to exhibitor's circuit in france​.Says ‍one Imax theatre will be added to its network in Holland​.  Full Article

IMAX China enters into installation agreement with Wanda Cinema Line Corp<1970.HK>
Tuesday, 2 Aug 2016 

IMAX China Holding Inc <1970.HK>: Business update Wanda Cinema Line Corporation limited agrees to add 150 IMAX theatres . Says entered into an agreement with Wanda Cinema Line Corporation Limited . Under installation agreement, 150 IMAX theatres to be built throughout China over six years, starting next year . With this agreement, IMAX China's total backlog will increase nearly 60 percent .  Full Article

IMAX China posts HY profit of $17.7 mln vs loss of $67.9 mln last year<1970.HK>
Thursday, 21 Jul 2016 

IMAX China Holding Inc <1970.HK>: HY total revenues increased 25.4% to US$55.1 million . Board has recommended that no interim dividend be paid in respect of the six months ended 30 June 2016 . Have increased our 2016 installation guidance to 115 theatres for 2016, up from original 2016 installation guidance of 100 theatres" . HY profit for the period $17.7 million versus loss of $67.9 million . Looking ahead, we expect our heightened network growth in 2016" .  Full Article

IMAX China announces formation of joint venture with CMC Culture<1970.HK>
Wednesday, 15 Jun 2016 

IMAX China Holding Inc <1970.HK>: Past discloseable transaction in relation to formation of joint venture <1970.HK> . unit entered into the equityholders agreement with CMC to establish a film fund and a limited liability company . Fund will be capitalized initially by US$50 million . Says each of IMAX (Shanghai) and CMC will own 50% equity interest in the advisor and will contribute 50% of the registered capital ."CMC" CMC Culture Limited Liability Company, a limited liability company organized and existing under the laws of the PRC .  Full Article

BRIEF-Imax And Cineworld Group Sign Agreement To Install New Imax With Laser Experience In 55 Cineworld And Regal Imax Locations

* IMAX AND CINEWORLD GROUP SIGN AGREEMENT TO INSTALL NEW IMAX® WITH LASER EXPERIENCE IN 55 CINEWORLD AND REGAL IMAX LOCATIONS