Auckland flagship guides SkyCity through troubled waters

Auckland flagship guides SkyCity through troubled waters
Outgoing CEO will miss the launch of SkyCity's new 5-star hotel. (Image: BusinessDesk)
Brent Melville
SkyCity’s Auckland property held the casino and hotel operator’s head above water for the half year to December, enabling net profits of $22.5 million, though still down 1.3% on the comparable period’s $22.8m.That was off group revenues which came in at $445.2m, with earnings before interest, tax, depreciation, and amortisation (Ebitda) slipping 5% at $101m on generally tighter consumer spending.The bright spark was at SkyCity Auckland, with 2.5 million visitors through its doors during the period. That's an 8% improvement...

More Markets

Fisher & Paykel Healthcare helps NZX up 1%
Markets Market Close

Fisher & Paykel Healthcare helps NZX up 1%

Skellerup Holdings shares rose 5.1%. 

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet.