Reading (RDI) Swings to Q1 Profit

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Reading International Announces 1st Quarter 2015 Results

May 5, 2015 9:01 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Reading International, Inc. (NASDAQ: RDI) announced today the results for its quarter ended March 31, 2015.

2015 First Quarter Highlights

Our Net Income for the 2015 Quarter was $3.1 million compared to a $215,000 loss for the 2014 Quarter, an increase of $3.3 million. Our EBITDA for the 2015 Quarter was $12.0 million compared to $7.5 million for the 2014 quarter representing an increase of $4.5 million or 60.0%. Our aggregate indebtedness decreased from $168.9 million at March 31, 2014 to $151.4 million at March 31,... More