[EQUITIES] ‘CJ CGV’s overseas earnings to soar’
The cinema chain’s operating profit in 2017 will hike 45 percent on-year to 102 billion won, boosted by the improved revenue from China, Vietnam and Turkey, estimated analyst Seong Jun-won.
Operating profit in the domestic market will slip but will rise drastically in China, as a series of Hollywood movies will be released until August, said the analyst. Its unique 4DX technology that combines environmental effects with four-dimensional viewing is also expanding, noted Seong.
By Hwang You-mee (glamazon@heraldcorp.com)