Oct 27 (Reuters) - Imax Corp reported a 25 percent rise in third-quarter profit, driven mainly by strong box office revenue.
“This was our highest-grossing box office quarter since the first quarter of 2010,” Chief Executive Richard Gelfond said in a statement.
For the July-September period, the giant movie screen maker’s net income rose to $8.4 million, or 12 cents a share, from $6.7 million, or 10 cents a share, a year ago.
On an adjusted basis, it earned 16 cents a share.
Revenue rose 32 percent to $67.5 million.
The company said it expects to record a gain of $3.4 million from foreign exchange in the fourth quarter if the Canadian dollar continues to be strong versus the U.S. dollar. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Supriya Kurane)