Hyderabad, May 16 (UNI) Wonderla Holidays Limited, India’s largest and most popular amusement park operator, has reported a net profit of Rs 55.41 crore in the last fiscal 2018-19 as against Rs 38.50 crore achieved in the previous financial year ( 2017-18), registering a growth of 44 per cent.



The company currently owns and operates three amusement parks in Kochi, Bangalore and Hyderabad and a resort at Bangalore named ‘Wonderla Resort’.



The Company has identified Chennai as the fourth destination and has acquired 62 acres in Kelambakkam for the new project, Company Joint Managing Director George Joseph, said while commenting about the performance during the quarter.



We are awaiting necessary approvals from the Government of Tamil Nadu and the project work will commence immediately after we receive the approvals, he added.



In the fourth quarter ended on March 31, 2019, the company Profit After Tax (PAT) was Rs 6.99 crore, an increase of 90 per cent over the corresponding quarter in previous year (Rs 3.68 crore), the company said in a release here on Wednesday.



The Gross Revenue for the financial year ended on March 31, 2019 stood at Rs 291.66 crore as against Rs 278.34 crore in the previous financial year ( 2017-18).



In the fourth quarter of FY 2018-19, footfall grew by 10 per cent in Bangalore park, 5 per cent each in Kochi and Hyderabad parks respectively, resulting an overall increase of 7 per cent during the quarter.



The Company achieved a total footfall of 25.23 lakh across all parks during the financial year 2018-19 as against 24.87 lakh in the last financial year 2017-18.



The Resort achieved 52 per cent occupancy during the fourth quarter of last financial year as against 32 per cent during the corresponding period in last year.



Commenting about the performance during the quarter, Mr Joseph, said “the bright spot during the fourth quarter was the strong performance of all the three parks and Resort. We hope that this positive trend will continue in the future also.



Expressing happiness with the business performance during the fourth quarter and the financial year 2018-19, he said that both Bangalore and Hyderabad parks are growing on expected lines, Kochi has stabilized after the floods.



The Board ofDdirectors of the Company recommended a dividend of 18 per cent, the release said.

UNI KNR CS 1249