More interesting reading:
5 May 2009
Macquarie Leisure Trust Group
MACQUARIE LEISURE DELIVERS SOLID THIRD QUARTER TRADING RESULTS
Bowling division records 22.4% increase in earnings
The Bowling division recorded total revenues of $79.23 million for the nine month period
representing a 6.1% increase on revenues of $74.65 million in the pcp. Earnings before
property costs from the Bowling division increased 22.4% to $25.27 million against $20.65
million recorded in the pcp. On a constant centre basis, bowling revenues increased 1.1%
on the 9 months to 31 March 2008 whilst earnings before property costs increased by
5.5%.
Mr Shaw advised: “The Bowling division has continued to perform well in the current
economic climate. In particular, the performance of new centres at AMF Strathfield,
Kingpin Darling Harbour, AMF Villawood and our recently opened AMF Joondalup in Perth
have all exceeded expectations. There has also been a strong improvement in operating
margins over the pcp, from 27.7% achieved in the nine months to 31 March 2008 to 31.9%
for the nine month period to 31 March 2009.”
Mr Shaw also advised, “AMF has recently secured a new flagship bowling site which is
expected to open in early 2010. Agreement has been reached with the Rooty Hill RSL
Club, Australia’s largest RSL club with a current membership base of around 50,000, to
establish a purpose built, state of the art, AMF bowling and laser tag facility as part of their
broader entertainment complex in Sydney’s western suburbs. Following the success of
new facilities at AMF Strathfield and AMF Villawood, Rooty Hill is expected to enhance
AMF’s position as the dominant player in Australia’s bowling heartland.”
After completion of the Group’s first standalone M9 laser tag facility at Strathfield, plans are
also advanced to establish a number of new M9 laser tag facilities to complement existing
AMF bowling centres.
