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Crown
HY profit up despite tough conditions - 23rd February
2017


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Gambling
giant Crown Resorts has lifted headline first-half
profit 75 per cent to $359.1 million, boosted by $167m
in gains from its Melco selldown but Australian revenue
has fallen amid tough trading conditions.
Normalised
net profit for Crown - which excludes volatility in
gaming revenue - was down 9.1 per cent to $191.3 million
and revenue for the James Packer-controlled group's
Austrlaian resorts was down 12.5 per cent to $1.48
billion.
Crown
declared an interim dividend of 30 cents a share and
a special dividend of 83 cents a share, both 60 per
cent franked.
(AAP)
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