CJ CGV said on the 3rd that last year's operating profit on a consolidation basis was 96.2 billion won, up 26.7% from a year earlier.
According to the Financial Supervisory Service's electronic disclosure system on the 3rd, CJ CGV's revenue last year on a consolidation basis was 2.2754 trillion won. That is up 16.2% from a year earlier.
During the same period, the net loss came to 142.8 billion won, extending losses from the previous year. However, the deficit narrowed by 18.6%.
CJ CGV said the recovery was driven by growth in overseas theater operations centered on Southeast Asia and the global performance of technology specialty formats such as SCREENX and 4DX. CJ 4DPLEX revenue rose 18.8% from a year earlier to 146.4 billion won. Operating profit was 11.3 billion won. Thanks to the success of SCREENX and 4DX specialty content such as "F1 The Movie," "Avatar: Fire and Ash," and "Demon Slayer: Infinity Castle," it achieved an all-time high global box office of $458 million.
In particular, overseas revenue was tallied at ▲Vietnam 253.6 billion won ▲Indonesia 109.3 billion won ▲China 290.1 billion won ▲Türkiye 151.5 billion won. During the same period, overseas operating profit was ▲Vietnam 37.4 billion won ▲Indonesia 15.9 billion won ▲China 11.7 billion won. Only Türkiye posted an operating loss of 4 billion won, which CJ CGV said was due to market contraction stemming from a decline in local content.
In Korea, it posted revenue of 660.4 billion won and an operating loss of 49.5 billion won. The market recovery was slow due to a shortage of hit Korean titles, but after streamlining low-yield sites and improving the structure through measures such as expense efficiency, it swung to a profit in the fourth quarter last year.
CJ OliveNetworks posted a record-high operating profit. Last year's revenue was 852.3 billion won. Operating profit came to 84.5 billion won, up 26.3 billion won from a year earlier.
Jeong Jong-min, CEO of CJ CGV, said, "Last year, backed by the global growth of overseas theater operations and technology specialty formats, and the performance of CJ OliveNetworks, we achieved meaningful companywide improvements," adding, "This year, we will make the K-Theater strategy centered on SCREENX and 4DX a key pillar of mid- to long-term growth and continue the growth in results."
Meanwhile, CJ CGV's operating profit in the fourth quarter last year was 68 billion won. That is up 300.3% from the same period a year earlier. During the same period, revenue rose 13.4% to 667.1 billion won.