It's actually not a bad result. Keep in mind, the business lost out a lot of potential hospitality revenue and there were fewer drinking opportunities, with pubs and The A Shed closed for a good portion of the year. Compared to last year, the hospitality arm is actually profitable for the first time, which is a really good outcome, especially considering the venue was closed and had mask mandates for a portion of the year.
And when the venue was open, for quite a while they were operating with a huge cap on numbers, it would have been barely worth opening and yet it generated 1.5 mill in profit for the last 6 months. I'm fairly happy with the results as I've read them so far, however I would have liked to have seen an acknowledgement and explanation for the EBITDA dip...
Ann: FY22 Results, page-9
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