Dreamworld-owner Ardent Leisure hits record high after swinging to profit

Coast Entertainment Holdings

24/02/2023 24:31

** Shares of Australia's Ardent Leisure Group  ALG.AX  rise
as much as 8% to A$0.740, hit a record high 
    ** Stock eyes best day since Nov. 9, 2022, if current gains
hold 
    ** Theme park operator posts half-year net profit
attributable of A$669.5 mln ($455.86 mln) compared with a loss
of A$36.8 mln last year 
    ** Says half yearly revenue from ordinary activities
decreased 84.1% to A$43.7 million
    ** ALG has risen 13.2% this year, as of last close
($1 = 1.4686 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))