Crown Ltd
(ASX:CWN) has reported a full year net profit of $292 million.
James Packer’s company reported main gaming floor revenue in Australia increased 1.6 per cent and VIP program play turnover increased 14 per cent to $39.7 billion.
Crown says the company’s wholly owned Australian casino’s in Melbourne and Burswood, were affected by renovations and weaker consumer and corporate hospitality spending.
A 60 per cent franked final dividend of 19 cents per share has been announced, taking the full year dividend to 27 cents.
Crown reported a loss of $1.2 billion for the year to 30 June, affected by extensive write downs to US investments.
