Imax posts 1st-qtr profit

April 27 Fri Apr 27, 2012 7:22am EDT

April 27 (Reuters) - Imax Corp posted a net profit for the first quarter on a slew of blockbuster releases, as the Canadian company continued to expand its global footprint.

Net income was $2.6 million, or 4 cents per share, compared with a net loss of $1.0 million, or 2 cents per share, a year ago.

Revenue rose 23 percent to $55.6 million.

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