Dreamworld owner Ardent Leisure highest in 18 months, annual loss narrows

Coast Entertainment Holdings

26/08/2021 03:45

** Shares of Ardent Leisure Group Ltd  ALG.AX  soar 27.40%
to A$1.325 - their highest since Feb. 2020
    ** Stock is top pct gainer in All Ordinaries index  .AORD ;
posts its biggest intraday pct gain since April 2020
    ** Dreamworld theme park owner posts net loss https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02412319-2A1318479?access_token=83ff96335c2d45a094df02a206a39ff4
 of A$86.9 mln ($63.14 mln) in FY 21, compared with loss of
A$136.1 mln a year earlier
    ** Group EBITDA, excluding items, jumped more than 5x to
A$30.6 mln in FY21 on higher revenue from Main Event in U.S.
during 2H21
    ** Says business outlook remains positive as ALG looks
forward to harnessing pent-up demand and opening four new Main
Event centres in FY22
    ** About 8.3 mln shares have changed hands, 6.5x their
30-day avg - stock's busiest trading day since March 19 
    ** Up 50.7% so far this year, as of Wednesday's close 
    



($1 = 1.3763 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))