CJ CGV Posts 8.7 Billion Won Operating Profit in Q1...Improved by 5.5 Billion Won

Sales Reach 573.4 Billion Won
Boosted by the Success of "The Man Living with the King"

Yonhap News

CJ CGV announced on May 8 that it recorded sales of 573.4 billion won and an operating profit of 8.7 billion won in the first quarter of this year. Compared to the same period last year, both figures increased by 39.8 billion won and 5.5 billion won, respectively.

The growth of CJ 4DPLEX and CJ OliveNetworks, as well as the box office success of the film "The Man Living with the King," led to a recovery in the film market and improved profitability. CJ 4DPLEX posted sales of 28.9 billion won in the first quarter, up 9.1% from the same period last year. Thanks to the expansion of premium technology theaters and the strong performance of content such as "Avatar: The Way of Water," the operating loss was reduced to 800 million won.

CJ OliveNetworks recorded sales of 211.8 billion won and an operating profit of 11.3 billion won. The expansion of the AX (AI Transformation) business and the growth of service platforms such as electronic payment processing supported the results.

In overseas cinema operations, Vietnam continued its profitability, achieving sales of 78.8 billion won and an operating profit of 11.8 billion won. Turkiye turned to profit, with sales of 49.1 billion won and an operating profit of 300 million won. China posted sales of 66.2 billion won and an operating profit of 1.4 billion won.

Domestic sales stood at 175.4 billion won, up 36.7% from the same period last year. The operating loss improved by 24.4 billion won to 6.6 billion won. A CGV official explained, "The significant increase in audience numbers was thanks to the success of 'The Man Living with the King.' In particular, operating profit turned positive in March."

This content was produced with the assistance of AI translation services.