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SeaWorld shares slump on more bad news

Operators
TTG Staff
26 February 2016

SeaWorld Entertainment has reported a 7.6% fall in profits as it continues to battle bad publicity at its California water park.

SeaWorld orca killer whale ThinkstockPhotos-467244249

Shares in the company slumped by 9% following the results announcement while it also admitted that it spied on animal rights activists.

The group, which owns and runs 11 attractions across the US, saw pre-tax profits for 2015 drop from $78.8 million to $72.8 million.

Overall attendance levels climbed slightly from 22.4 million to 22.5 million but revenue fell from $1.38 billion to $1.37 billion.

On a conference call chief executive Joel Manby said the board had "directed management to end the practice in which certain employees posed as animal rights activists."