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Cineworld has warned it could want to lift more cash within the occasion of additional coronavirus restrictions or movie delays because of Covid-19.
It swung to a $1.6bn (£1.3bn) loss for the six months to June as its cinemas have been closed below lockdown.
“There might be no certainty as to the long run influence of Covid-19 on the group,” it mentioned.
The cinema large mentioned it had reopened 561 out of 778 websites worldwide as lockdown restrictions have eased.
Six of its theatres within the UK stay closed after cinemas have been compelled to close quickly for a number of months from mid-March in an try to comprise the unfold of Covid-19.
The lockdown closures meant group revenues sank to $712.4m within the first six months of the 12 months, in contrast with $2.15bn a 12 months earlier.
The group loss this 12 months additionally marks an enormous fall from the pre-tax earnings of $139.7m seen within the first six months of 2019.
Cineworld mentioned it was nonetheless in talks with lenders to barter waivers on banking agreements, which fall due in December and in June subsequent 12 months.
The corporate warned that it might need to take motion if present measures geared toward stopping the unfold of coronavirus have been tightened.
“If governments have been to strengthen restrictions on social gathering, which can subsequently oblige us to shut our property once more or additional push again film releases, it could have a unfavorable influence on our monetary efficiency and sure require the necessity to increase further liquidity.”
However it mentioned current buying and selling had been “encouraging contemplating the circumstances”, with strong demand for Christopher Nolan’s spy movie Tenet launched earlier in September.
