Set for a Village Rebuild
Village Roadshow's fiscal 2018 result contained no surprises. The 33% slump in EBITDA to AUD 91 million and the AUD 7 million normalised net loss were both in line with our expectations. This is just as well, given that it was only six weeks ago management provided earnings guidance as part of disclosure to raise AUD 50 million from shareholders.This is an exercise that has provided much-needed relief to the balance sheet, which ended fiscal 2018 with an alarming net debt/EBITDA of 3.7 times. W...
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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