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EVT reinstates dividend as hotels and cinemas roar back to life

Hospitality giant EVT Limited reinstated its dividend payment after a three-year hiatus, as the domestic-led tourism revival drove record trading across its hotels and resorts and a strong pick-up in earnings across its cinema complexes.

EVT Limited, which rebranded from Event Hospitality & Entertainment, Limited in October, suspended its dividend payment in mid-2020 to improve liquidity as it battled the devastating impact of the pandemic on its businesses, which include QT, Atura and Rydges hotels, Thredbo Alpine Resort and Event cinemas.

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Larry Schlesinger was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/property/commercial/evt-reinstates-dividend-as-hotels-and-cinemas-come-back-to-life-20230220-p5cluk