Tag Archives: Loss-making

DVML report: $1.9 million loss

### ODT Online Wed, 9 May 2012
Dunedin stadium posts $19m loss
By Chris Morris
The size of the financial hole occupied by Dunedin Venues Management Ltd – the company tasked with running the Forsyth Barr Stadium – has been confirmed. Figures released at a media conference this afternoon showed the company had lost $1.9 million in the first six months of the 2011-12 financial year. Projected full-year results were yet to be released, but were expected to be worse.

Losses were now also expected for the following two financial years, and expected to be confirmed when DVML released an updated statement of intent later today.

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Posted by Elizabeth Kerr

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