No Fun for Village Roadshow in Fiscal 2016, but We Look to Recovery Ahead
Village Roadshow had a poor fiscal 2016, buffeted by a 33.6% slump in film distribution EBIT (to AUD 21.0 million) and a disappointing 1.5% decline in theme park EBIT (to AUD 38.2 million). An abnormal drag of AUD 35.2 million (restructuring, impairment, equity-accounted losses) depressed the reported net profit after tax, or NPAT, down 64.3% to AUD 15.7 million.However, the normalised NPAT of AUD 50.9 million (up 1.6%) was exactly as we had anticipated (final DPS was AUD 0.14, fully franked). ...
Village Roadshow is principally engaged in the theme park and water park operations, cinema exhibition operations, film and digital versatile disc distribution operations. In addition, Co. had an equity-accounted 50.17% interest in Village Roadshow Entertainment Group Limited which has film production activities, as of June 30 2016.
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