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This excerpt taken from the FUN 8-K filed Jul 31, 2007. Six-month Results Through June 24, 2007, consolidated net revenues were $304.0 million and the consolidated operating loss for the period was $10.7 million. On a same-park basis excluding the benefit of the acquisition and corporate costs, net revenues for the first six months of the year were 2% higher, at $172.1 million versus $169.4 million the prior year. Operating income for this same period increased $4.6 million to $1.6 million compared with an operating loss of $3.0 million in 2006. Adjusted EBITDA for the period increased on a consolidated basis $25.4 million, with benefit from the acquisition, to $39.3 million. On a same-park basis, adjusted EBITDA was $26.1 million, $7.4 million higher than last year, reflecting improved operating results in our northern and western region parks. “In general, we are satisfied with our results through the first half of the year,” said Kinzel. “Over the next several months we will continue to introduce new marketing programs and look forward to introducing new shows and attractions during our growing fall season.” |
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