Revenue not as high as some expecting but improving gross margins and keep costs low has improved the EBITDA. Hartley's were expecting EBITDA to be $5.2m for the year. They have $2.75m after first half, so if they repeat they will beat the forecast and that doesn't allow for any growth in sites/screens/advertising/HOYTS and Medical Media (cost savings $3m per year). Therefore this looks like it beats Hartley's expectations.
Well done!! Now looking for an improved share price.
Ann: Investor Presentation, page-2
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