Crown Resorts Limited
(ASX:CWN) has seen its interim net profit drop after suffering more than $60 million in impairments, partly due to its investment in Cannery.
The casino operator’s net profit fell 47.2 per cent to almost $202 million in the first half of the 2015 financial year.
On a normalised basis the company’s profit rose 2.3 per cent to about $322 million.
CEO Rowen Craigie has described the result as satisfactory when considering the subdued level of consumer sentiment.
An interim dividend of 18 cents per share has been declared, 50 per cent franked.
