Sharechat Logo

Good Spirits Hospitality Limited (NZX: GSH) releases Annual Report

Friday 30th October 2020

Text too small?

Chairman’s Report

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:

GSH - 2020 Annual Report



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Westpac Banking Corporation (NZX: WBC) Sells General Insurance Business to Allianz and Enters 20 Year Distribution Agreement
NZX Limited (NZX: NZX) Investor Day and Earnings Guidance Update
Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Allied Farmers Limited (NZX: ALF) Launch of Renounceable Rights Issue
NZ Windfarms Limited (NZX: NWF) VVFPA Document Completion and FY2021 EBITDAF Guidance Range
Property for Industry Limited (NZX: PFI) Signals Positive Valuation Outcome
SkyCity Entertainment Group Limited (NZX: SKC) Update on SkyCity Adelaide, Including Opening of Expansion
Sky Network Television Limited (NZX: SKT) Announces Chief Executive Change

IRG See IRG research reports