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Donaco International Ltd (ASX:DNA) 1H FY21 Results Investor Briefing
FRA:UGS) hosted an investor briefing to discuss the Company s Half Year Results on Friday 26 February 2021. Below is the accompanying summary provided by the Donaco management team during the briefing followed by investor questions answered during the webinar.
Presentation - Gordon Lo, Chief Financial Officer
The Half Year was a period of changes and challenges for Donaco, as we had to navigate external challenges with COVID-19 and internally navigate through shareholding and management changes.
The period saw Donaco deliver on its strategy with tight control over our operating costs, which resulted in opening DNA Star Vegas and Aristo International Hotel during the last three months of the Financial Year from September to December. We shifted our strategy to adapt through the pandemic, which led to a return to a positive EBITDA of A$2.7 million for the final three months of the year, for a total Hal