Ardent Leisure Group
(ASX:AAD) has provided a trading update on its theme parks division for the month of January to the market.
In January, revenues were down more than 50 per cent to $6.97 million, compared to revenues of $14.05 million in the previous corresponding period.
Despite the decline in revenue, the Dreamworld operator says it’s an improvement on December’s 63 per cent drop.
The company cites the increase in visitation and revenues for January, being largely due to the reopening of eight of the “Big 9 Thrill Rides.”
Ardent Leisure posted a net profit of $42.4 million at 30 June 2016.
