Investors sold down Ardent Leisure despite reporting a 19.3% lift in September quarter revenue to $165.96 million.
Most divisions reported increases in earnings, but its Goodlife health clubs recorded EBITDA (earnings before interest, tax, depreciation and amortization) of $6.45 million, down from $8.81 million.
A short time ago, its shares were down more than 12% to $2.51.
The theme park division, which includes Dreamworld on the Gold Coast, recorded revenue of $27.01 million, up 6.3%.
Ardent Leisure is now headed by Deborah Thomas, a former editor of The Australian Women’s Weekly.
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