EVENT Hospitality and Entertainment rises as annual loss narrows

EVT

23/08/2021 03:59

** Shares of EVENT Hospitality and Entertainment Ltd
 EVT.AX  rise as much as 5.4% to A$13.15, their biggest intraday
pct gain since April 7
    ** Co posts a loss attributable of A$48 mln ($34.37 mln) for
the full year, compared with a loss of A$57 mln in the prior
year
    ** Says group revenue in H2 up 30.9% from the previous
half-year period; adds that for divisions that were open, all
exceeded revenue on the comparable half-year period
    ** "Confident that once restrictions are eased, the pent-up
demand and swift rebound experienced in the second half, will
continue" - EVT
    ** Stock touches its highest levels since June 3
    ** About 149,000 shares change hands, compared with the
30-day average volume of 125,000 shares
    ** Stock up 31.5% this year, as of last close


($1 = 1.3966 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))