Sunday, 17 November 2013

Federal Hotels: End of a chapter

Federal Hotels’ 2012/13 financials confirm its cash flow struggles highlighted the previous year have continued and will only be resolved by a selloff of most of the regional tourist assets.

Revenue fell by $23 million to $497 million. An estimated 50% comes from gamblers.

In inflation adjusted terms revenue has shown little or no growth since 2006 as shown in the following graph.