Australia-based tourism business owner and operator MFS Living and Leisure has revealed annual results well above expectations.

The company, whose portfolio includes Oceanis aquariums throughout the world and three ski resorts in Victoria, Australia, has reported total net profit of AUS$14.23m (US$12.3m, EUR8.7m, £6.1m) for the 12 month period to 30 June 2007, representing a 184 per cent increase on the prospectus forecast.

EBITDA was reported at AUS$37m (US$32m, EUR22.7m, £15.8m) – which exceeded the full-year forecast by 19.6 per cent.

Chief executive Marshall Vann said: “MFS Living and Leisure is committed to strengthening and further developing the paid leisure industry, both in Australia and overseas, for the benefit of our Security Holders and visitors to our domestic and international-based attractions.”

During the period, the company acquired the Otway Fly Tree Top Walk in Victoria, and the rights to develop an additional tree top walk at Illawarra in New South Wales.

MFS also marked its entry into the New Zealand market by taking a stake in Tourism Holdings Ltd.

An AUS$20m (US$17.3m, EUR12.3m, £8.6m) expansion of Melbourne Aquarium is due to open next year. Details: www.mfsgroup.com.au