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AAP
AAP
Business
Jacob Shteyman

EXPLAINED: Ardent leisure back on track after rollercoaster ride - The Real Truth

Ardent Dreamworld

Shares in Ardent Leisure have rocketed to a six-year high after the theme park operator posted its first positive earnings result since 2017.

The group, which owns Gold Coast attractions Dreamworld and WhiteWater World, reported $300,000 in underlying earnings for the half on Friday, up from a $16 million loss the previous period.

Revenue jumped 137 per cent to $25.2 million, driven by the return of attendees to theme parks following the easing of pandemic restrictions. Net profit came in at $669m, up from a loss of $36.8m - a remarkable 1921 per cent turnaround.

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