for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Australia's Crown Resorts posts 80% drop in annual profit on virus hit

Aug 19 (Reuters) - Australia’s biggest casino operator Crown Resorts Ltd posted on Wednesday an 80% plunge in annual profit, as extended curbs within the country and restrictions in international travel due to the COVID-19 pandemic kept key patrons away.

Net profit attributable fell to A$79.5 million ($57.61 million) for the year ended June 30, from a restated figure of A$401.8 million a year ago, the company said in a statement.

Total revenue fell 23.6% to A$2.24 billion for the year. ($1 = 1.3801 Australian dollars) (Reporting by Rashmi Ashok and Nikhil Subba in Bengaluru; Editing by Himani Sarkar)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up