Dreamworld to take another year to recover

August 11, 2017

Ardent Leisure expects full-year earnings at the top end of its guidance range.

Ardent Leisure expects to report full-year earnings of $76 million when it releases results on August 31, slightly ahead of its guidance range of $73 million to $75 million.

The company said the earnings before interest, tax, depreciation and amortisation result was driven by a stronger-than-expected finish at its US-based Main Event business, but last year's Dreamworld theme park closure would likely drag revenue down nearly 15 per cent to $586 million.

It said, in future, cash flows from Main Event would be directed towards reinvestment in growth while cash generated by Dreamworld would be mainly directed towards distributions.

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