April 10 (Reuters) - Ardent Leisure Group (AAD) Dreamworld...

April 10 (Reuters) - Ardent Leisure Group (AAD)

• Dreamworld recovery remains ontrack despite significant rainfall
• main event has recorded unaudited revenues of us$61.5 million for period from 1 january to 31 march 2017, up 25.1% versus pcp
• group has decided to add 8 main event centres in fy18 rather than 11 as previously guided
• longerterm target of 200 main event centres remains unchanged.
• group believes overall recovery of theme parks remains on track.
• group continues to target low single digit main event constant centre revenue growth over longer term
• group believes there is a risk over time that underinvestment could have a negative impact on main event brand
• anticipates that all main event centres will eventually require some level of additional investment to refresh them over time
• recent cyclone that impacted east coast of australia resulted in a closure of dreamworld and skypoint for 1 day in late march, however no damage or flooding occurred
• During the period from 1 to 24 March 2017, theme parks recorded unaudited revenues of $3.1 million, down 34.3%