Convention centre fire 'immaterial' to SkyCity's 2020 operating earnings

By Pattrick Smellie | Thu, 07 Nov 2019


Casino operator SkyCity Entertainment Group says the impact of the Auckland international convention centre fire will be "immaterial" to the group's operating earnings in the 2020 financial year.However, an assessment of the fire's impact on reported and normalised net profit after tax is yet to be completed, the company says.While the fire will cause "material delays" to the project's completion, SkyCity says there is "at this stage" no change to its contractual position with Fletcher Building.SkyCity is still required by its contract with the...