Latest News

Back to Latest News back

 

Ardent Leisure records 20% profit rise backed by improved FEC and theme park visits

Ardent Leisure records 20% profit rise backed by improved FEC and theme park visits
February 18, 2016

Australian Stock Exchange listed Ardent Leisure has posted a 20% increase in its half year net profit to $22.6 million, once again driven by the expansion in its United States based Main Event division.

The group, which operates Goodlife Health Clubs; AMF and Kingpin Bowling facilities; d'Albora Marinas; and the Dreamworld, WhiteWater World and SkyPoint theme parks and attractions on the Gold Coast as well as the Main Event, reported an increase of $48 million (16.8%) in revenue from operating activities to $333.8 million.

However, the group's core earnings decreased by $1.6 million (5.1%) to $30.5 million.

Ardent Chief Executive Deborah Thomas said the group's Main Event division was looking for further opportunities to "accelerate the rollā€out."

Thomas explained “the most important point is that all of our centres developed since 2007 are on track to deliver an average annual (earnings before interest, tax, depreciation and amortisation) return on investment of over 35% reinforcing the enduring appeal of the Main Event entertainment concept.”

The group's theme park division recorded total revenues of $58.4 million for the half year up from $54.8 million in the previous corresponding period. However EBITDA margin slipped slightly to 36.3% from 37.2%.

Attendance at the group’s Gold Coast theme parks rose by 13% but per capita spending also slipped to $46.9 from $49.8.

Thomas added "the division will focus on innovation and leveraging existing partnerships with leading global and local entertainment brands.”

With Chinese entertainment and real estate giant Dalian Wanda having announced plans to build a new theme park on the Gold Coast, mainstream media have speculated that Ardent Leisure is a “potential though reluctant seller” of its Dreamworld/WhiteWater World location.

For more information go to www.ardentleisure.com.au

Images: WhiteWater World (top) and the recently opened Darwin Kingpin FEC (below).

20th January 2016 - GROWING IMPORTANCE OF MEMBERSHIPS TO GOLD COAST THEME PARK REVENUE

19th January 2016 - FINE WEATHER BOOSTS PERFORMANCE OF GOLD COAST THEME PARKS

4th January 2016 - DALIAN WANDA’S GOLD COAST THEME PARK PLAN WOULD HIT EXISTING ATTRACTIONS

28th December 2015 - DREAMWORLD REVS UP MULTIMILLION DOLLAR MOTORSPORT PRECINCT

28th August 2015 - ARDENT LEISURE LOOKS TO A DIGITAL FUTURE

21st August 2015 - ARDENT LEISURE RECORDS PROFIT DIP BUT LOOKS AT FEC EXPANSION


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Mattioli

Mattioli provides award winning painting, flooring and waterproofing services to the aquatics and recreation sector. We’re recognised as the leading contractor in the industry with award-winning…

read more

Aquatics / Recreation / Safety

 
 

Tim Batt Water Solutions

Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…

read more

Aquatics / Environment / Recreation / Technology / Venues

 
 

revolutioniseSPORT

revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology

 
 

HIDROPLAY

Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation

 
 

GLADSTONE MRM

Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues

 
 

The Jump Pad

The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…

read more

Attractions / Entertainment / Play

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business