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Ardent Leisure Group Ltd ( (AU:CEH) ) has issued an update.
Coast Entertainment Holdings Limited reported positive financial results for the half-year ending December 24, 2024, with significant increases in revenue, ticket sales, and visitation levels. The company achieved its highest first-half revenue since 1H16 and marked its first profit for continuing operations since FY16. The successful opening of the Rivertown attractions and Jane’s Rivertown Restaurant has been a key driver of growth, alongside strategic cost management and promotional activities. Additionally, the company has a strong balance sheet with cash reserves and a new credit facility to support future growth, despite ongoing economic challenges. The continuation of share buybacks and solid January performance further reflect the company’s robust financial health and strategic positioning.
More about Ardent Leisure Group Ltd
Coast Entertainment Holdings Limited operates within the entertainment industry, focusing primarily on theme parks and attractions. The company is known for its immersive and thematic attractions, appealing to a wide audience, including families. The market focus includes driving attendance through new offerings and strategic initiatives, with a particular emphasis on the recovery of international visitation.
YTD Price Performance: -6.12%
Average Trading Volume: 364,791
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$205.1M
See more data about CEH stock on TipRanks’ Stock Analysis page.
