Giant drop for Ardent

Written on the 2 December 2010

SEP 2010

DREAMWORLD owner Ardent Leisure Group saw its core earnings fall 23 per cent on last year to $35.4 million in what it describes as ‘a challenging trading year in all businesses’.

Ardent, which also has bowling, marina and gym operations was successful in using value offers to keep traffic flowing through the turnstiles with Queensland attendance up 17 per cent despite a fall in theme park revenue of 4.8 per cent.

The group made a number of acquisitions including QDeck at Q1 and several Good Life Health Clubs in Western Australia.

Ardent has opened three new AMF Bowling centres on the east coast including one at Robina, with plans afoot to build another four over the next 12 months.

The board has approved capital expenditure to strengthen consumer appeal including an external walkway at the top of Q1 pending approvals, improvements to QDeck, refurbishment of health clubs in WA and a new ride for Dreamworld to open in time for September school holidays.

 

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