Good Spirits Hospitality Limited has reported strong revenue growth in the first half of the 2023 financial year, with total operating revenue increasing 158%.
Total venue EBITDA increased to $3.8 million and cash receipts from customers increased 146%.
Despite the ongoing headwinds and challenges created by COVID-19, the Group is pleased to start the financial year with strong momentum as the hospitality industry returns to a pre-COVID trading environment.
The Group is pursuing a sale of its nine operating venues, and has revised upwards its revenue guidance for the 12 months ended 30 June 2023 to $26.6 million.
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