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CROWN RESORTS LIMITED (ASX:CWN) - News: CWN Australia’s Crown annual profit jumps 13 pct, beats expectations, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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News: CWN Australia’s Crown annual profit jumps 13 pct, beats expectations

  1. Hot News
    68,051 Posts.
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    09/08/18
    09:45
    Post #: 34823268

    Aug 9 (Reuters) - Australia's biggest casino operator, Crown Resorts Ltd (CWN) , said on Thursday its annual profit rose 12.7 percent, beating expectations, as resurgent demand from high-stakes gamblers delivered a surge in turnover.

    Normalised net profit, which is adjusted to remove extraneous items, for the year ending June 30 rose to A$386.8 million ($287.4 million) from A$343.1 million a year ago, the company said. The figure came above the A$366.3 million estimated by a poll of nine analysts, according to Thomson Reuters data.

    The company declared a final dividend of 30 cents per share, in line with its final dividend for 2017.

    ($1 = 1.3459 Australian dollars)

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