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Reef Casino Trust Flags Profit Dip Amid Rising Costs and Strategic Moves
1:48am on Monday 2nd of June, 2025 AEST
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Real Estate Investment Trusts
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Reef Casino Trust Flags Profit Dip Amid Rising Costs and Strategic Moves
1:48am on Monday 2nd of June, 2025 AEST
Key Points
Estimated H1 2025 distributable profit between $3.2M and $3.8M, down from $4.336M in H1 2024
Revenues at Reef Hotel Casino stable compared to prior year
Higher costs driven by regulatory compliance and potential control transaction expenses
Board expects continued profitability in May
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Reef Casino Trust (ASX:RCT)
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