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Crown profit falls to $181m

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AAP

February 22 2013, 10:28AM

Crown said its result was also negatively impacted by its lower win rate in VIP play.

That came in Melbourne, where earnings were down nine per cent from the same period in the previous year to $271.6 million.

Perth's earnings rose by 2.5 per cent to $144.6 million.

Main floor gaming in Perth and Melbourne generated revenue growth of 5.9 per cent, compared to the previous corresponding period.

The company offered no specific update on its trading performance for the first weeks of the second half of the financial year, as the different timing of the Chinese New Year celebration in 2013 made it difficult to compared to the previous year.

"Trading at Crown Perth continues to benefit from the expansion of the main gaming floor while Crown Melbourne continues to be affected by refurbishment disruption," it said.

Crown declared an interim dividend of 18 cents, franked to 50 per cent.

No new details were provided on the company's plans for a hotel and casino in Sydney, for which government approval is still needed.