Mantra CEO comments on group’s end-of-year results
Mantra Group recently completed its first full year as a public company, after which it was elevated to an ASX200 company.
Following this, Mantra CEO Bob East said: “Adding 11 new properties in FY2015 was good for our guests, it created exciting opportunities for our 5,000 team members, and it helped grow full year EBITDAI by 19.2%.
“In announcing our results, I was pleased to report that for the year ended 30 June 2015, Mantra Group achieved earnings above that forecasted in our IPO prospectus – and at the top end of the updated guidance range announced on 1 May 2015.
The Group delivered total revenue of $498.8 million (a 9.7% increase on FY2014), NPAT was $36.2 million, and EBITDAI reached $73.1 million (up 19.2% on FY2014).
“In the first three months alone, we have added seven outstanding properties to our portfolio, taking us to 124 properties and more than 18,000 rooms under management.
“With this momentum, I am confident that we are well positioned to capitalise on additional expansion opportunities and on the forecasted tourism sector growth in our region, with the aim of increasing shareholder value.”
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