Australian FEC and theme park operator, Ardent Leisure, has revealed further, but reduced losses in its financial results for the second half of 2017.
The group recovered from a A$49.4m loss in 2016 to A$15.6 in December last year.
Following the sale of its of health clubs, marinas and the ongoing divestment of its bowling and entertainment interests, the focus will be on its US-based Main Event FECs and Australian theme parks.
Main Event, which is now the group’s biggest earner, has had Chris Morris appointed as CEO in a bid to improve its performance.
For the period to December 31, 2017, Main Event reported US$1.8m in earnings before interest and tax, down from US$4.9m the prior year. This was a reflection of the impact of Hurricane Harvey on its centres in Texas and fewer trading days.
