Australia's Coast Entertainment gains on upbeat prelim results, forecast

Coast Entertainment Holdings

12/07/2024 03:15

** Shares of Coast Entertainment Holdings  CEH.AX  rise 8.9%
to A$0.49, highest level since June 27
    ** Stock set for best day since July 10, 2023, if gains hold
    ** Theme parks operator says preliminary unaudited revenue
for the year was up 3.8% at A$87 million ($58.77 million)
    ** In FY24 co expects to report its first positive
consolidated EBITDA for the continuing business since FY16
    ** Stock down 2.2% YTD, as of last close 


($1 = 1.4804 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))