Cinema and theme park operator Village Roadshow hit hard by COVID-19
Max MasonSenior reporter
Key Points
- Revenue ($m) 732.4, down -25.3%
- Pre-tax profit ($m) -153.2, down1318.5%
- Net profit ($m) -122.6, down-1379.4%
- No final dividend
The coronavirus pandemic has wreaked havoc on theme parks and cinema business Village Roadshow, which was forced to close its attractions from March and, apart from Melbourne, began reopening last month.
Village, which has entered into an implementation agreement with local private equity firm BGH Capital, reported a net loss of $117.4 million for the 2019-20 financial year, compared with a loss of $6.6 million in the previous year.
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