25 Jan 2013

Theme park profit forecast trimmed

7:17 am on 25 January 2013

New Zealand Experience, the owner of Rainbow's End, has trimmed its profit forecast as it attracted fewer visitors during a major upgrade of its Auckland theme park.

The company now expects to make a half year profit of between $1.3 - $1.4 million, down from between $1.4 - $1.6 million forecast earlier.

NZE said stage one of the park's upgrade is complete and stage two is underway and due to reopen in April.