RE: WANDA TAKEOVER ???25 Aug 2022 14:02
When Turnover was at normal levels ($4.5 billion) in 2019 they made a gross profit of $1.60 billion and a profit of $180 million and after dividend payments made a net profit of $98.7 million. Debt was at $3.7 billion and they still made a very healthy profit! This is proven to be a very profitable business before the pandemic! And the only reason it is in the position it is today is because of that! Otherwise, it would be thriving right now! With the Blockbusters due to be released in the next few months and into 2023 Cineworld should see these kinds of profits return! Lenders will see this!