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Mantra falls short after Dreamworld, but Commonwealth Games a bright spot

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The Dreamworld theme park tragedy on the Gold Coast in October hurt the bottom line of Mantra Group, with Australia's biggest listed hotel and resort operator, delivering full-year operating earnings at the bottom end of its market guidance.

Mantra reported underlying pre-tax earnings of $101.2 million, up 12.7 per cent on the same period last year, having forecast an earnings range of $101 million to $107 million in February.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/mantra-underlying-profit-falls-short-of-guidance-20170829-gy64sx