SkyCity says annual profit to rise as much as 33%

SkyCity says annual profit to rise as much as 33%
Rebecca Howard
SkyCity Entertainment gave earnings guidance for the first time this year, saying it expects normalised net profit and earnings for the 12 months to June 30 to be higher than the prior year. “SkyCity has continued to see strong performance from its local gaming businesses in New Zealand, particularly from electronic gaming machines,” it said. It has also had consistent performances from both SkyCity Adelaide, since its expansion opened in December, and the offshore online casino, SkyCity Malta. However, its tourism-re...

More Markets

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024
Analysts upbeat about Tower's latest guidance
Markets

Analysts upbeat about Tower's latest guidance

The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024