Ardent Leisure saw an increase of 10.2 per cent in group revenue for the September, thanks to a strong uplift in performance from its United States-based Main Event centres.
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For the quarter the revenue was $139.10 million, while the Main Event business saw revenue up 9.6 per cent and earnings before property costs up 8.5 per cent. That was boosted by the opening of new centres, which are large warehouse-style properties, that hose games, bowling and other theme park activities.
Ardent Leisure's chairman, Neil Balnaves, said a material increase in Main Event earnings contributions from the US, with strengthening constant centre performance and exceptional performance from new centres, was the standout of a strong first quarter result.
The group's Australian business was also boosted by the acquisition of the Fitness First Western Australian portfolio, which will be added to the Goodlife division.
Ardent's chief executive, Greg Shaw, said the theme park division, Dreamworld, recorded total revenues of $25.42 million, against prior year revenues of $26.55 million.
The earnings before interest, tax, depreciation and amortisation (EBITDA) of $9.62 million was recorded, being a 7.2 per cent decrease on EBITDA of $10.37 million recorded in the prior corresponding period.
"Lower EBTIDA for the quarter has been offset by an increase of some $710,000 in prepaid annual pass revenue, which is yet to be recognised in the profit and loss statement," he said.
