AAD ardent leisure group

News: AAD Ardent Leisure updates on estimated distribution & full year result

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    June 23 (Reuters) - Ardent Leisure Group (AAD) "

    • Announced estimated distribution of 1.0 cent per stapled security for second half of year ending 30 June 2017
    • Distribution reflects lower earnings in Australian business following disposal of health clubs division and impact of dreamworld tragedy
    • Ardent now provides preliminary full year core EBITDA guidance of approximately A$73-75 million for 12 months ending 30 June 2017
    • Net debt as at 30 June 2017, adjusted for proceeds from settlement of d'albora marinas, is expected to approximate A$110 million
 
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