Echo Entertainment Profit $66.5m down 5.3%
Further Reading
Casino operator, Echo Entertainment (ASX:EGP) have released its first half results for FY 2013 to shareholders.
- Echo Entertainment net profit down 5.3 per cent to $66.5 million for the 6 month period from $70.2 million in the previous corresponding period.
- EGP revenue up 4.2 per cent to $912.6 million
- Lower profits were due to a lower effective tax rate during the first-half of 2012, and higher depreciation and amortisation from the first-half of 2013 following investment in Sydney's The Star casino.
- Echo Entertainment operates The Star in Sydney, Jupiters casino on the Gold Coast, the Treasury casino in Brisbane, and Jupiters in Townsville.
- Echo Entertainment is distributing an Interim dividend at 4 cents per share, fully franked.
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