Snowy Thredbo Winter Season Boosts AHL Result

The ski industry is a simple business. If it snows, you do really well. If it doesn’t times are tough, as they were for Thredbo in 2013, a poor season stalked by rain.

But 2014 was a different story: plenty of snow at the right times brought the crowds, resulting in a $7.8m (or 85.4%) profit uplift for Thredbo - Powder Bowlthe Snowy Mountains resort.

In turn, this propelled a 21.8% profit increase for owner Amalgamated Holdings (AHL)of $51.2m for the six months to Dec 31, 2014.

“The significant profit uplift reflects the outstanding 2014 ski season in Thredbo (where) skier numbers increased by 15.1%,” MD David Sergeant said.

AHL also reported its hotels are doing well in steady fashion with both rates and occupancy increasing by just over 2%.

Meanwhile, AHL’s cinema business was soft due to a weak film slate in the first quarter.

Share and Enjoy:

One thought on “Snowy Thredbo Winter Season Boosts AHL Result”

  1. Amazing, they didn’t mention the millions they poured down the drain in legals trying to steal the name Thredbo

Comments are closed.