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Business Description: Amalgamated Holdings Limited (AHD) is a provider of entertainment, hospitality and tourism and leisure services. Its three main operating divisions are Entertainment, Hospitality and Leisure and Entertainment Technology.
Strategy Analysis: The cinema strategy is to bring back the appeal of going out and watching a movie. Developments overseas are closely tracked to see how other operators are attracting customers away from home entertainment. Gold Glass and 3D both offer fresh appeals to cinema goers. The hotel strategy is to contain cost pressure through a continuing development to drive efficiency. The move to online services for bookings aims to drive the cost of service down. A continuous revitalisation program aims to redirect capital back into its hotels to remain modern, competitive and appealing. This re-investment means it has developed a brand presence for quality and service which it can then leverage through bolt on acquisitions.
Amalgamated Holdings reported NPAT up 41.6% to $139.83m for the year ended 30 June 2011. Revenues from ordinary activities were $784.95m, down 3.4% from last year. Diluted EPS was 87.7 cents compared to 66.4 cents last year. Net operating cash flow was $139.73m compared to $136.59m last year. The final dividend declared was 23 cents, taking the full year dividend to 37 cents in line with 37 cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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