IMAX China Holding, Inc. announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported revenues of $110,591,000 compared to $78,218,000 a year ago. Operating profit was $42,371,000 compared to $31,164,000 a year ago. Loss before income tax was $170,867,000 compared to profit before income tax of $29,066,000 a year ago. Loss for the year attributable to owners of the company was $181,865,000 compared to profit of $22,781,000 a year ago. Basic and diluted loss per share was $0.62 compared to basic and diluted earnings per share of $0.09 a year ago. Net cash used in operating activities was $156,000 compared to net cash provided by operating activities of $28,220,000 a year ago. Purchase of property, plant and equipment was $581,000 compared to $213,000 a year ago. Adjusted EBITDA of $64.8 million grew 58.5% year-over-year, resulting in EBITDA margins of 58.6%, up from 52.2% in the prior year. 2015 adjusted profit grew 66.9% year-over-year to $43,353,000 compared to $25,978,000 a year ago.

For 2016, the company expects its adjusted effective tax rate to be approximately in line with 2015.