EVT Announces Property Divestment Amid Positive Financial Results

Story Highlights
EVT Announces Property Divestment Amid Positive Financial Results

Event Hospitality & Entertainment Ltd. ( (AU:EVT) ) has issued an announcement.

Event Hospitality & Entertainment Ltd. (EVT) announced its plans to divest its property at 525 George Street, Sydney, which led to a notable share price movement. Despite this, EVT reported a positive financial performance for the half-year ending December 2024, with increases in both statutory and normalised EBITDA and NPAT compared to the previous year, aligning with market expectations.

More about Event Hospitality & Entertainment Ltd.

Event Hospitality & Entertainment Ltd. operates in the entertainment, ventures, and travel industries, focusing on providing a diverse range of services and experiences in these sectors.

YTD Price Performance: 22.47%

Average Trading Volume: 146,168

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$2.24B

See more insights into EVT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App