AAD ardent leisure group
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News: Ardent Leisure rings in higher earnings

  1. FNN News
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    05/05/14
    11:20
    Post #: 13323891
    .


    Ardent Leisure Group (ASX:AAD) third quarter update has revealed strong trading trends and double digit earnings growth. 




    The leisure and entertainment businesses operator has reported unaudited group revenue rose 12.7 per cent to almost $380 million.  




    Double digit earnings were achieved at Main Event in the US and Goodlife Health Clubs while the bowling and theme park divisions also posted growth. 




    Chairman Neil Balnaves says Ardent Leisure Group remains focused on leveraging its operational expertise to build global scale. 




    The company has also advised it continues to actively source quality leisure and entertainment acquisition opportunities. 




    Ardent Leisure improved its net profit by 5 per cent to $22.5 million in the first half of the 2014 financial year. 

    AAD Price at posting: $2.64 Sentiment: None Disclosure: Held
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