Amalgamated on a roll

Amalgamated’s share price has increased 21% in the past month, which is a big move for such a pedestrian business. The company recently reported a 68% increase in operating profit to $47m compared to the same period last year for the quarter ending 30 September, following an ‘outstanding’ skiing season at Thredbo and good performances from its German cinema and local hotel business. Amalgamated also has a number of investments that should help increase profits in the years ahead. Three QT hotels are scheduled to open at Bondi in Sydney, Melbourne and Queenstown, the adrenalin capital of New Zealand. New...

Amalgamated’s share price has increased 21% in the past month, which is a big move for such a pedestrian business. The company recently reported a 68% increase in operating profit to $47m compared to the same period last year for the quarter ending 30 September, following an ‘outstanding’ skiing season at Thredbo and good performances from its German cinema and local hotel business.

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