At easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…read more
Village Roadshow reports 50% rise in full year profits
Theme parks and entertainment conglomerate Village Roadshow has reported a rise of more than 50% in full-year profits, backed by strong results in its cinema division and successful theme park promotional strategies.
For the year ended 30th June 2013, the group, which has interests in theme parks, cinema, film production and distribution, said net profits totalled $50.9 million, up 50.8% on $33.8 million reported in the same period last year.
Village Roadshow's theme parks division recorded its second highest EBITDA result in 2013 with, a 2.3% increase in EBITDA, up $1.9 million on the previous year to $83.5million.
This performance was achieved despite poor weather on the Gold Coast during key holiday periods in the second half of the financial year.
The result also includes a $2 million (US$1.8 million) write-off of pre-opening costs for Wet'n'Wild Las Vegas.
Earnings from Village Roadshow's cinemas rose by 11.7% as people flocked to the movies to watch the James Bond film Skyfall, and the final instalment of Twilight: Breaking Dawn 2.
Higher ticket, food and beverage prices driven by the expansion of its Gold Class and Max offerings also increased the money people spent at the movies.
Village Roadshow will further expand its theme parks division, with Wet'n'Wild Sydney opening this December and another attraction on Hainan Island in China scheduled to open by the end of 2014.
4th June 2013 - NEW WET’N'WILD WATER PARK OPENS IN LAS VEGAS
19th October 2012 - VILLAGE ANNOUNCES CHINESE THEME PARK DEAL
12th October 2012 - VILLAGE ROADSHOW TAKES MAJORITY STAKE IN LAS VEGAS WATERPARK
1st August 2008 - VILLAGE ROADSHOW TAKES ON ARIZONA WATERPARK
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.
The Complete Guide to Leisure Industry Products & Services.
As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd. Click here to view the VIVATICKET Pty Ltd listing. 19th July 2018 - ENTA…read more
AIS Water, the trading name of Australian Innovative Systems, is a multi-award winning, Australian owned leader in the design, production and supply of commercial and residential chlorine generators…read more
Aerobic Microphones Australia provides audio products for the fitness industry. Products include the sweat resistant Cyclemic and Aeromic headworn microphones and pouchbelts that are made in…read more
Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…read more
Solarwise NSW / Dolphin Tech were the first and are the largest Dolphin dealer in NSW with a full service facility and full range of spare parts "on the shelf". We also provide on site…read more
TRP help health clubs, leisure centres and gyms across the globe create happy, loyal members through our user-friendly software which enables effective engagement and the delivery exceptional customer…read more
Goplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!