Crown normalized EBITDA reaches A$500 million

Crown Resorts on Monday reported a normalized EBITDA of approximately A$500 million (US$321.6 million) for the period from 1 July 2019 to 23 March 2020, the latter date being the time the company ceased gaming activities and other non-essential services at its Melbourne and Perth locations. 

Normalized net profit after tax (NPAT) was approximately A$210 million in the period. 

With three more months until the end of the 2020 financial year, JP Morgan analysts estimate Crown Resorts’ revenue to fall 29.5 percent year-on-year in FY20, reaching A$2.2 billion. 

EBITDA is estimated to fall 37.6 percent to A$500.5 million, while normalized NPAT is expected to fall 61.6 percent to A$143.2 million.