29th Nov 2016 07:17
LONDON (Alliance News) - Merlin Entertainments PLC on Tuesday said it anticipates reporting "good profit growth" in 2016, after achieving a positive performance across the company in the first 47 weeks of the year.
In a brief trading update, the theme park and attractions operator said underlying trading in the Midway Attractions group in the 47 weeks ended November 19 was consistent with that reported in September, while the Resort Theme Parks group enjoyed a strong Halloween period, helped by favourable weather.
Meanwhile, LEGOLAND Parks showed "continued positive momentum" following two years of "exceptional growth", although Merlin did note that trading in Florida remains soft due to challenging market conditions.
Merlin added that it has made good progress towards its 2020 milestones, including the opening of LEGOLAND Dubai on October 31 and Madame Tussauds Istanbul on Monday.
Merlin will report its full-year results on March 2.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Merlin Entertainments