Indoor Skydive Australia Group Ltd
(ASX:IDZ) has given an update on how its newest business, iFLY Gold Coast, is performing.
iFLY is an indoor skydiving facility, which the company says has been cash flow positive since it opened 3 months ago.
Indoor Skydive also says that construction delays and the late opening of iFLY Gold Coast has impacted the facility’s overall performance.
The company says, as a consequence, there will be flow-on effects for its full year results, and this will delay anticipated operational profit until the new financial year.
Indoor Skydive reported a net loss of $190,000 at 31 December 2015.
