Giant drop for Ardent

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

A game changer? Aspiring to the new standard on workplace mental health
Partner Content
Work health and safety regulators have been more active in the area of mental health ri...
Aon
Advertisement

Related Stories

NSW eases border restrictions with ACT and Queensland

NSW eases border restrictions with ACT and Queensland

As the Australian Capital Territory leaves lockdown today and Queen...

Pfizer jab closer to approval for children, IDT to make new Monash vaccine

Pfizer jab closer to approval for children, IDT to make new Monash vaccine

Australian children aged five to 11 years of age could receive Pfiz...

Virgin Australia to lift flight capacity linking QLD tourism hotspots with SA, Tasmania

Virgin Australia to lift flight capacity linking QLD tourism hotspots with SA, Tasmania

Virgin Australia is set to add almost 150,000 more seats in flights...

Toll workers secure “industry first” superannuation and job security offer

Toll workers secure “industry first” superannuation and job security offer

UPDATE (11.04AM AEDT 14 October): Toll has issued a statement ...