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SYDNEY - MFS Living and Leisure has raised its distribution guidance to A12c for the 2008 financial year after cutting its fees.
The fees would be brought into line with those in the combined prospectus and product disclosure statement issued in June 2006, MFS Living and Leisure said.
Queensland-based MFS Living and Leisure in July made an unsuccessful takeover bid for New Zealand's Tourism Holdings.
MFS Living and Leisure chief executive Marshall Vann said the company was confident of meeting guidance due to a strong 2007 ski season, property sales and pre-sales and new attractions at its aquariums, which would help boost visitor numbers.
"Our Hotham and Falls Creek ski resorts experienced a strong start to the 2007 snow season," he said. "All remaining land at our Dinner Plain property subdivision at Hotham has sold. In November, Busan Aquarium in South Korea will present night openings and will also launch a new 3D simulator ride."
- AAP
