Palace Amusement swings to quarterly profit, eyes Generation Alpha as key to cinema revival

Palace Amusement Company (1921) Ltd returned to profit in its fiscal fourth quarter and is betting on Generation Alpha — children born between 2013 and 2025 — to anchor the next phase of its cinema business. The company reported $5.7 million in pre-tax earnings for the three months ended June 2026, reversing a $27.1-million loss in the corresponding period a year earlier, after collecting a $229.3-million insurance payout on its hurricane-damaged Montego Bay cinema. The payout was anticipated from the previous quarter.

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