DREAMWORLD REVENUE DOWN 50 PER CENT

DREAMWORLD REVENUE DOWN 50 PER CENT

VISITORS are gradually returning to Dreamworld following the deaths of four people at the theme park in October last year.

During January, Ardent Leisure's (ASX:AAD) theme parks division recorded unaudited revenues of $6.97 million, down 50.4 per cent on revenues of $14.05 million in the previous corresponding period.

"This represents a steady increase in visitation against December 2016, which recorded a reduction of 63 per cent in revenues recorded in the prior corresponding period," says Ardent in a statement to the ASX this morning.

"This consistent increase in visitation was largely due to the reopening of eight of the Big 9 Thrill Rides."

The park's new LEGO-branded store opened on 28 January and during the opening weekend Dreamworld welcomed more than 14,000 visitors.

"Guest sentiment continues to be very positive and once again we thank our passholders, guests and the broader community for their strong support," says the statement.

In early ASX trading this morning (10:15 AEDT), Ardent is trading up 1.94% at $2.10 per share.

Business News Australia

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