ENTERTAINMENT and hospitality operator Amalgamated Holdings has posted net profit after tax of $78.14 million for the half year ending December 2007, up 57.3% compared to $49.67 million a year earlier.
The profit result included a gain after tax of $37.977 million on the sale of the company’s 50% interest in Roadshow Distributors Pty Ltd.
Managing director David Seargeant said with a near record ski season at Thredbo, the result was further boosted by the strong level of trading in the company’s hotels and resorts.
Chairman Alan Rydge has announced a lift in the interim dividend to 11 cents per share.
Amalgamated shares traded 4 cents higher to finish at $5.89.
Australian Property Journal
