November 6, 2008 / 1:17 PM / 10 years ago

UPDATE 1-IMAX reports smaller loss, helped by 'Dark Knight'

(In U.S. dollars)

TORONTO, Nov 6 (Reuters) - Giant-screen movie theater chain IMAX Corp IMX.TO reported a smaller third-quarter loss on Thursday, as higher box office revenues help offset equipment and interest costs.

The loss narrowed to $2.1 million, or 5 cents a share, from $7.5 million, or 19 cents a share, a year earlier.

Revenue rose 13.2 percent to $33.5 million from $29.6 million, as “The Dark Knight: The IMAX Experience,” drove up film receipts, the company said.

IMAX said it also had benefited by holding operating expenses steady.

The Mississauga, Ontario-based company said it had invested about $6 million in the quarter to buy equipment for its joint revenue sharing digital projection systems.

It also incurred around $4.5 million in interest expenses.

IMAX said it was on track to install about 45 digital systems by year-end. ($1=$1.17 Canadian) (Reporting by John McCrank; Editing by Lisa Von Ahn)

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