Content area
Full Text
GOLD Coast theme parks lost their star status on Village Roadshow's books in the past year.
The operations, often relied on to boost the company's bottom line, delivered a lacklustre performance in 2008 thanks to driving rain during the key summer holiday period.
Village Roadshow, instead, relied on bumper cinema and radio turnover to deliver a 10 per cent lift in annual profit to $62.2 million.
After adding a one-off gain of $184.7 million for the merger of its film production division with US-based distributor Concord Music Group, the bottom-line result is up 470 per cent to $256.8 million.
Village Roadshow lifted pre-tax profit in all divisions on a normalised basis, except theme parks.
But heavy rains led to a drop of 200,000 visitors to the company's Gold...