The Motley Fool

Why the Village Roadshow share price is lifting today

This morning Village Roadshow Ltd (ASX: VRL) reported its half-year results for the period ending December 31 2018. Below is a summary of the results with comparisons to the prior corresponding half year.

  • Statutory net profit after tax of $2.4m, compared to $171.9m
  • Net profit after tax excluding material items of $12.8m
  • EBITDA of $65m, up 31%
  • Net debt of $216.4m, reduced from $338.5m
  • Net debt to EBITDA of 2.04x compared to 2.83x
  • Group flagged “record January trading” to start 2019

The Village Roadshow share price is up 2.2% to $3.30 in response to the news as the group continues to cycle off the consequences of the tragic accident that caused several fatalities at a rival Dreamworld Theme Park in October 2016 operated by Ardent Leisure (ASX: ALL).

Other theme parks the group operates include Wet ‘N’ Wild, Movie World and Sea World at tourist hotspots around Australia. It reported January saw record ticket sales at its Gold Coast theme parks and Sea World Resort.

The cinemas division delivered some strong growth on the back of box office hits such as Crazy Rich Asians and Aquaman, with it even flagging that a decision to cut certain ticket prices had significantly boosted attendances.

It did not pay an interim dividend, but pleasingly for investors management flagged its intention to return to dividend payments on releasing its full year results in August.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked...

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.