Business
Why did the Event (ASX:EVT) share price finish higher today?
The Event Hospitality and Entertainment Ltd (ASX: EVT) share price finished higher today following the release of the company’s half-year results.
At the close of trading, the Event share price had bumped up 4.57% to reach $10.53. Here are some highlights from the report.
Event share price battles through COVID-19
In today’s release, the cinema and entertainment company repeatedly noted industry constraints during the first half of FY21 brought on by the coronavirus pandemic.
Group revenue was down 58% at $294 million for the period ending 31 December 2020. This compared to $466 million in group revenue for the same period in FY20.
Event attributed the drop on the impacts of COVID-19, adding that this made comparisons to the…
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