Covid disruptions widens Crown 1HFY22 net loss to A$196.3 million

Crown Resorts reported a widened net loss of A$196.3 million (US$141.5 million) in the six months ended December 31, 2021, due partly to property closure costs incurred during Covid-19 lockdowns during the period.

Statutory revenue was up 34 percent year-on-year, reaching $778.6 million. Reported EBITDA loss was $47.5 million, down from a profit of $4.4 billion in the prior-year period.

In a results filing, Crown noted that its flagship casino, Crown Melbourne saw more than a two-fold uptick in revenue, reaching $265 million.

Source: https://agbrief.com/news/australia/17/02/2022/covid-disruptions-widens-crown-1hfy22-net-loss-to-a196-3-million/