Business
Star Entertainment (ASX:SGR) share price rises despite 33% fall in profit
Star Entertainment Group Ltd (ASX: SGR) shares have managed to stay out of the red today, despite the company reporting a 33.1% fall in profits. At the time of writing, the Star Entertainment share price is up 0.27% to $3.69.
Results impacted by COVID
Star Entertainment owns and operates a number of resorts and venues including The Star Sydney, The Star Gold Coast, and Treasury Brisbane. Considering the very physical nature of these businesses, social distancing restrictions and border closures have materially impacted patron volumes.
As a result, group revenue came to $749.9 million for the half-year, down 36.2%. Sydney venue earnings were significantly dampened by the patron cap per-area, no co-mingling, and caps on table…
-
Noosa News5 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News11 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General11 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News11 hours agoDetectives continue to search for answers on Crystal Beale’s death