SkyCity lowers FY guidance, conditions still challenging

SkyCity lowers FY guidance, conditions still challenging
(Image: NZME)
Rebecca Howard
SkyCity Entertainment Group says ongoing “challenging market conditions” weighed on its first-half result and it lowered its full-year guidance.For the six months to Dec 31, the casino operator reported underlying net profit of $37.8 million, down 41.5% on the year because of lower earnings and increased costs.    Reported net profit fell 73% to $6m and includes a $31.7m impact from a settlement with Revenue South Australia of interest on gaming duty.Group revenue was $422m, down 5%. Group earnings...

More Markets

Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
Asian markets lift on US/Japan trade talks
Markets

Asian markets lift on US/Japan trade talks

Shares in Tokyo rose along with Hong Kong and others.

AFP 17 Apr 2025