Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Ardent Leisure Group Ltd ( (AU:CEH) ) just unveiled an announcement.
Coast Entertainment Holdings Limited (ASX: CEH) announced a 9.6% increase in revenue from ordinary activities for the half-year ending December 24, 2024, reaching $47.7 million. Despite this revenue growth, the company’s net profit attributable to members decreased by 34.8% to $3.1 million compared to the previous period, largely due to a $12.6 million gain in the prior year from the sale of the Main Event business. Notably, the company reported a significant improvement in profit from continuing operations, achieving a profit after tax for the first time since FY16. Additionally, the company completed a share buyback program, purchasing a total of 48 million shares at a cost of $22.6 million and initiated another buyback plan, acquiring 3.6 million shares by the end of the reporting period.
More about Ardent Leisure Group Ltd
YTD Price Performance: -6.12%
Average Trading Volume: 364,791
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$205.1M
For an in-depth examination of CEH stock, go to TipRanks’ Stock Analysis page.
