SuperBowl Holdings, the leisure and property investment group, has reported a strong turnaround in full year net profit to $6.4 million on revenue of $15.6 million, compared to a loss of $1.6 million on revenue of $16.4 million a year ago. Earnings per share improved to 1.96 cents, from negative 0.49 cents in FY08.
For FY09, revenue from the property rental division was relatively stable, as was revenue from the bowling business, with each of these contributing about 40% to group turnover. Revenue from Funworld amusement centres and Supercue outlets fell 11.9% and 15% respectively, following the closure of two of these outlets in August 2008.
