Entertainment, hospitality and leisure operator Amalgamated Holdings Ltd (AHL) says it booked a profit of $60.6 million on the sale of its 49 per cent share of MAF Greater Union LLC in the United Arab Emirates (UAE).
AHL overnight sold its share of the joint venture to its UAE partner Majid Al Futtaim Group for $78.7 million.
The listed operator also says global market conditions remain uncertain, but is well positioned to capitalise on improvements in the hotel market.
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