Event Hospitality & Entertainment Ltd. ( (AU:EVT) ) has issued an announcement.
Event Hospitality & Entertainment Ltd. reported a strong half-year performance with significant growth in its hotels division, which achieved a record EBITDA of $52.8 million, up 10.9% from the previous year. Despite challenges in its Thredbo division due to unfavorable weather and a reduced film supply in cinemas, the company made strategic decisions to divest its 525 George Street property to allocate capital towards accelerating growth in its hotel division, demonstrating resilience and strategic foresight.
More about Event Hospitality & Entertainment Ltd.
Event Hospitality & Entertainment Ltd. operates in the entertainment, hospitality, and travel industries. The company focuses on hotel property ownership in key city locations, entertainment venues, and travel services, with a market focus on managing and maximizing its asset portfolio.
YTD Price Performance: 5.71%
Average Trading Volume: 129,209
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$1.96B
See more insights into EVT stock on TipRanks’ Stock Analysis page.