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Event Hospitality & Entertainment Ltd. ( (AU:EVT) ) just unveiled an announcement.
EVT Limited reported a strong first quarter performance with a 20.7% increase in earnings, driven by growth across all divisions. The Entertainment division saw mixed results, with Germany outperforming due to a local film success, while the Hotels division achieved record results despite challenges. The company is prioritizing hotel growth, with several new properties in the pipeline and a strategic acquisition to enhance its hotel management capabilities. EVT’s Thredbo resort is focusing on extending its winter season and enhancing visitor experiences, while the Entertainment division is optimizing its locations to improve profitability.
The most recent analyst rating on (AU:EVT) stock is a Hold with a A$13.50 price target. To see the full list of analyst forecasts on Event Hospitality & Entertainment Ltd. stock, see the AU:EVT Stock Forecast page.
More about Event Hospitality & Entertainment Ltd.
Event Hospitality & Entertainment Ltd. (EVT) operates in the entertainment, ventures, and travel industries, providing services through its cinema, hotel, and resort divisions. The company focuses on delivering premium experiences in its entertainment venues and expanding its hotel operations with owned and managed brands, targeting growth in Australia, New Zealand, and Southeast Asia.
Average Trading Volume: 273,987
Technical Sentiment Signal: Buy
Current Market Cap: A$2.08B
For an in-depth examination of EVT stock, go to TipRanks’ Overview page.