Ardent Leisure Group, one of Australia’s leading owners and operators of amusement and leisure sites, has released its annual financial report for the year ending June 29, 2021.
According to the Group, the significant impacts of Covid-19 on the travel, leisure, tourism and entertainment sectors continued to impact the business.
The theme parks business, made up of Dreamworld, WhiteWater World and SkyPoint, reported trading revenue of $ 3.60 million for the year, down 33.9% from a year earlier, mainly due to the pandemic.
Following the relaxation of government restrictions, SkyPoint and Dreamworld reopened in July and September 2020, respectively. In August of the same year, the Group secured funding for Australian operations from the Queensland government.
The $ 69.9 million financial aid program acquired from the Queensland Treasury Corporation in August provided enough cash for the company to fund working capital and investment projects. Those projects included the new Steel Taipan roller coaster, which is slated to open in late 2021.
In a statement, Ardent Leisure Group President Dr Gary Weiss said, “Our priority continues to be to ensure the health and safety of our guests and team members, with safety protocols. robust and Covid Safe plans in place.
“While we expect uncertainty over the pandemic and associated government restrictions to continue for the remainder of this calendar year, we are confident that Ardent is well positioned for future growth once conditions in the marketplace. market will start to improve. “