Australia's Ardent Leisure rises on strong prelim FY results

Coast Entertainment Holdings

10/07/2023 01:59

** Shares of entertainment company Ardent Leisure Ltd
 ALG.AX  rise as much as 20.2% to A$0.535 - their highest since
May 12
    ** ALG stock on track for best day since Feb 25, if gains
hold
    ** Co posts FY prelim unaudited revenue of A$83.9 mln
($56.06 mln), up 70% on prior year 
    ** Co anticipates breaking even in 2H23 and to deliver its
first positive full-year EBITDA result 
    ** ALG top gainer on ASX All Ordinaries index  .AORD 
    ** As of last close, stock down 26.5% YTD

     ($1 = 1.4966 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))