Business

Amusement park owner lifts profit

06:51 am on 23 August 2011

New Zealand Experience has lifted its full year profit.

The company, which owns Auckland's Rainbows End amusement park, made an underlying profit of $1.5 million in the year to the end of June - a fifth more than the previous year.

Revenue edged up to $10.6 million, but trading revenue rose 9% as visitor numbers rose and people spent more at the park.

Looking ahead, NZ Experience expects an after tax profit for 2012 of between $1.4 - $1.6 million as more visitors and increased park spending, offset increasing costs.