Ardent says theme parks showing improving trends

Company News

by Anna Napoli

The owner of Dreamworld and other leisure assets Ardent Leisure Group (ASX:AAD) has reported a net loss after tax of 15.6 million for the half year to December 2017.

Aardent’s net loss has reduced from $49 million for the prior corresponding period.

Revenue fell almost 12 per cent to $266 Million.

Its underlying earnings (EBIT) fell 38 per cent to $30 million.

The company has maintained a distribution of 2 cents a security.

Aardent says its theme parks continue to be impacted by the Dreamworld incident but are showing improving trends in visitation and revenue.

Shares in Ardent Leisure (ASX:AAD) are trading up 2.65 per cent to $1.94


Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.