Village on Road to Show Recovery
Earnings recovery at Village Roadshow has well and truly begun, with fiscal 2019 first-half EBIT doubling from a year ago to AUD 30 million. This was led by the theme park division where EBIT almost tripled to AUD 18 million, from a Dreamworld tragedy-affected prior period. The improved attendance on the Gold Coast properties since December 2018 shows improving patron sentiment. It also vindicates management's decision to pursue a more disciplined pricing strategy and let the quality of theme pa...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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