NewsBite

Cinema and theme park operator Village Roadshow hit hard by COVID-19

Max Mason
Max MasonSenior courts and crime reporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Media & marketing

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/media-and-marketing/covid-19-hits-cinema-and-theme-park-operator-village-roadshow-20200828-p55q7t