Ardent Leisure Receives Financial Assistance for Theme Parks Division, Stock up ~9%

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Ardent Leisure Receives Financial Assistance for Theme Parks Division, Stock up ~9%

Ardent Leisure Group Limited (ASX:ALG) has received financial assistance from the Queensland Government for its Theme Parks division under the COVID-19 Industry Support Package and Queensland Tourism Icons Program 2020.

This package is for three years totalling A$69.9 million comprising a secured loan of $66.9 million along with a grant of nearly A$3 million, which can be utilized for funding working capital and approved capital expenditure.

Moreover, ALG shall provide a further update with its FY20 financial results on 27 August 2020.

Post announcement, on 7 August 2020, ALG quoted at A$0.362 climbed by 9.697% at AEST 12:00 PM.

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