GOLD COAST ATTRACTIONS OUT OF THIS WORLD
Written on the 31 August 2011
THE respective owners of the Gold Coast’s famous ‘worldly’ tourist attractions have reported exhilarating profits for FY11.
Village Roadshow, owner of Warner Roadshow Studios, Warner Bros Movie World, Sea World and Wet n Wild among others, posted a net profit of $185.5 million – up a whopping 96 per cent increase on the corresponding period.
The result was due to the 52 per cent sale of its stake in Austereo to Southern Cross Media and the sale of its aquariums. The theme park division on the Gold Coast also extended the roll-out of its VIP marketing campaign.
Ardent Leisure Group also posted healthy returns of $36.1 million, an increase of almost 90 per cent on its $19 million in FY10.
The company's assets include Dream World and SkyPoint atop Q1.