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Dreamworld owner Ardent’s stock swoons after loss

Key Points

  • Revenue ($m) 137.6, down 48pc from year-earlier 263
  • Pretax profit ($m) -84.6 v -30.1
  • Net profit ($m) -83.6 v -22.5
  • No interim dividend 

It will take a year from when JobKeeper ends in March for Ardent leisure’s cash flow from its Dreamworld theme park on the Gold Coast to recover from the pandemic lockdowns which forced its parks and gaming activities in Australia and the US to close last year.

Dreamworld owner Ardent is hoping pent-up demand for theme parks will boost earnings in the next half. 

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au

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    Original URL: https://www.afr.com/companies/games-and-wagering/dreamworld-owner-ardent-s-stock-swoons-after-loss-20210225-p575on