Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Dunedin Venues Management Ltd results show increased profit

30 September 2014

Dunedin Venues Management Ltd results show increased profit

• Revenue increased to $9.1 million (up from $8.23 million)
• Operating profit increased by 10.3% to $2.7million
In the year end results to June 30 2014, Dunedin Venues Management Ltd, operator of Forsyth Barr Stadium and the Dunedin Centre, produced an improvement in operating profit of 10.3% on the previous year.

Revenue for the year increased to $9.1m and the overall position (after rent) is a net loss of $58,000 compared to a loss of $986,000 for the same period last year.

Dunedin Venues Management Ltd, CEO, Terry Davies believes that this is a positive result and an indication of the organisation’s improvement over the last 12 months.

“We’ve invested a lot of time into strengthening relationships with promoters and our venue hirers and we’re seeing the results of this work. We remain commercially focused to achieve a wide variety of profitable events across our venues and deliver value to our partners and stakeholders.

“Over the last financial year we welcomed over 330,000 people into our venues at 305 events, the equivalent of 2.75 times the population of Dunedin. Dunedin Venues will continue to be a strong economic driver for the city.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Petrol Up 19%: Annual Inflation To September 1.9 Percent

The consumers price index (CPI) increased 1.9 percent in the September 2018 year, driven by higher petrol prices, Stats NZ said today. This follows a 1.5 percent annual inflation rate for the June 2018 year. More>>


Young Males Common Victims: NZ Tops List Of Most-Scam-Called Countries

Among the 16 nationalities surveyed for the 2018 Global Tech Support Scam Research conducted by TRG, New Zealanders reported the highest levels of exposure to tech scams, with more than three-quarters of us experiencing at least one. More>>

NZTA Finds Failures: Urgent Review Of Compliance Files

Phil Twyford said NZTA was failing in its duty to properly check the companies that certify vehicles as safe for the road, and other services. “When problems with these companies were identified, there was often no follow up. More>>


Outages: Vector Settles With ComCom On Reliability Breaches

Vector has agreed a settlement with the Commerce Commission for breaches of its network quality standards in 2015 and 2016. More>>