Oz’s Roadshow ups net profits by 16%

Growth spurt buoys coin

SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June.

The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three Queensland theme parks, which were affected by the downturn in Asian tourism.

In the past 12 months, VRL added 271 screens to its empire, which now stands at 1,025 screens in 11 territories. A further 240 screens are slated to open before June 30, 1999.

More Biz

  • Sumner Redstone

    Sumner Redstone's Ex-Girlfriend Fights With Nurse For Access to Secret Tapes

    SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June. The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June. The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three […]

  • Paul Haggis Lawsuit

    Paul Haggis Hit With Lawsuit for Alleged Rape, Claims a $9 Million Shakedown

    SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June. The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June. The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    SYDNEY — Riding on the back of strong growth in exhibition, radio and production, Australia’s Village Roadshow Ltd. boosted net profits by 16.4% to a record $A70.1 million ($42 million) in the year to June. The bullish results on a 12.5% hike in sales to $265.2 million were achieved despite a decline at its three […]

More From Our Brands

Access exclusive content