Friday 30th October 2020
|Text too small?|
The 2020 financial year began well for GSH with a refreshed strategy, the new venues continuing to perform above expectation’s and the completion of the major development at Botany Commons.
The onset of the COVID-19 pandemic during the second half of the year was a difficult time for the Hospitality Industry in New Zealand. GSH swiftly adapted its business operations to deal with the immediate and ongoing implications of closure under alert level 3 and 4 restrictions. During this period the Board met with management on a weekly basis to help minimise the impact to the business and to ensure that the business was well positioned to operate once all restrictions were removed.
As such, the reported results (before non-cash write-down of goodwill, property plant and equipment and IFRS 16 changes) were in line with our expectations after confronting the impacts of COVID-19.
See the link below for more details:
No comments yet
Good Spirits Hospitality Limited (NZX: GSH) Half Year Results to 31 Dec 2020
NZ Automotive Investments Limited (NZX: NZA) FY21 Earnings Guidance
T&G Global Limited (NZX: TGG) 2020 Full Year Results
Vista Group International Limited (NZX: VGL) Vista Group in the Box Seat for the Future of Movies
Private Land and Property Fund (NZX: PLP) Change in Harvest Estimates
Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits