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Village roadshow announced loss for the year ended 30 June 2018 as net profit after tax decreased to $7.3 million during FY18, compared to $23.6 million of profit in fiscal 2017.
Entertainment and media giantâs earnings before interest tax, depreciation and amortization lowered to $90.9 million from $136.3 million, a year ago. This decline in earnings is mainly attributable to revenue impacted by Dreamworldâs tragedy, low attendance in Gold Coast Theme Park, and slow performance of Cinema Exhibition in first quarter of financial year 2018.
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With the strategy of injecting shareholder returns back in the business, the board has not declared any dividend for FY18. The group is expecting to gain further momentum in FY19 driven by Topgolf, launched in June 2018.
Following posting loss for FY18, VRL share price dropped 0.439% to $2.270 on Thursday 23 August 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
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The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
