India's Wonderla Holidays at record high as Q4 profit surges fourfold

Wonderla Holidays

25/05/2023 06:25

** Shares of Wonderla Holidays Ltd  WOHL.NS  rise as much as
7.1% to a record high of 498 rupees
    ** Wonderla saw over four-fold rise in March-qtr profit of
350.5 mln rupees ($4.29 mln)
    ** Rev from ops at 986 mln rupees, up ~70% Y/Y
    ** Co declares dividend of 2.5 rupees per share
    ** Also said construction of new park in Bhubaneswar
started, aims to open by 2025
    ** If trend holds, stock set for a second consecutive
session of gains
    ** About 441,200 shares change hands, 2x the 30-day avg -
Refinitiv Data
    ** Stock up 36.1% YTD, as of last close

   ($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))