Ariadne anticipates a solid financial performance for the half-year ended Dec. 31, 2023, with an estimated total comprehensive income attributable to members ranging from $8.5 million to $10.5 million, a significant increase from $1.3 million in the prior-year period.
The income comprises a projected net loss of $1 million to break even, contrasting with the HY23 net profit of $11.5 million.
A net gain of $9.5 million to $10.5 million is expected in other comprehensive income, compared to a net loss of $10.2 million in HY23.
The prior period's net profit was primarily due to a one-off $11.1 million cash dividend from Coast Entertainment.