SkyCity profit cut by a third

Ahearne: Trading was strong 'when we were able to'. (Image: Supplied)

Wed, 25 Aug 2021

SkyCity Entertainment has reported a 33.7% drop in net profit after tax to $156.1 million for the June 2021 year.This includes a $79.3m hit after its flagship Auckland casino and hotel were closed for almost a month.Annual revenue was down 15% to $951.9m from $1.1 billion in the prior year. SkyCity's Auckland and New Zealand gaming, hotel and hospitality operations are currently closed due to the lockdown after the delta variant covid outbreak.Earnings before interest, tax, deprecation and amortisation for the June year was $317.3m. Th...

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