Cineplex Odeon Corp. reported net income of...

Cineplex Odeon Corp. reported net income of $14.7 million for the third quarter, up from $12.8 million a year ago. The movie theater company said its operating cash flow (before interest on long-term debt and bank indebtedness) increased 27.1% to $37.3 million. Although the company’s long-term debt rose to $591.3 million, up from $449.7 million a year ago, Cineplex said it has made new arrangements with lenders that will increase its borrowing capacity to about $800 million, which it described as adequate for its present needs.