Opera Australia fell to the worst operating loss in its history in 2021, yet is as cashed-up as it’s ever been thanks to the sale of its inner-Sydney warehouse.
The annual report of Australia’s largest performing arts company, released on Monday, revealed a $22.6 million operating loss in 2021, compared to an $18.5 million operating deficit in 2020.
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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
