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News: VRL Village Roadshow Says FY Income From Cont Ops Down 21.5% To $786.2 Mln

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    28/08/20
    12:40
    Post #: 46895990

    Aug 28 (Reuters) - Village Roadshow Ltd (VRL) :

    • FY INCOME FROM CONTINUING OPERATIONS DOWN 21.5% TO $786.2 MILLION
    • FY NET LOSS ATTRIBUTABLE $117.4 MILLION
    • CAPITAL EXPENDITURE FOR FY2021 ANTICIPATED TO BE IN REGION OF $70 - $75 MILLION
    • OPERATING ON NEGATIVE CASH BASIS & EXPECTS THIS TO CONTINUE FOR SEVERAL MONTHS
    • SEES OVERALL NEUTRAL TO SLIGHTLY POSITIVE FREE CASH FLOW (BEFORE CAPEX) FOR 2021
    • GIVEN ONGOING QUEENSLAND BORDER CLOSURE WITH VICTORIA & NSW, THEME PARKS' RECOVERY WILL TAKE TIME
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