Australia's Crown Resorts posts 80% drop in annual profit on virus hit

Published Wed, Aug 19, 2020 · 12:00 AM

[BENGALURU] Australia's biggest casino operator Crown Resorts Ltd posted on Wednesday an 80 per cent plunge in annual profit, as extended curbs within the country and restrictions in international travel due to the Covid-19 pandemic kept key patrons away.

Net profit attributable fell to A$79.5 million (S$78.6 million) for the year ended June 30, from a restated figure of A$401.8 million a year ago, the company said in a statement.

Total revenue fell 23.6 per cent to A$2.24 billion for the year.

REUTERS

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