SkyCity's profits drop in year of 'considerable upheaval'

SkyCity's profits drop in year of 'considerable upheaval'
This is the first set of full-year results fronted by SkyCity's new chief executive Jason Walbridge. (Image: NZME)
Dileepa Fonseka
A year ago SkyCity was touting a post-covid turnaround ahead, but financial results reveal that turnaround went into reverse.Revenues have increased, but profits have fallen, and regulators are clamping down.SkyCity reported a total net loss of $143.3 million, a significant decrease on last year's profit of $8m.Revenues were close to stationary but up from $926m last year to $928.5m; underlying revenue increased from $957m to $959.6m on June 30 compared to the same time a year ago.However, profits and earnings before interest and tax were d...

More Markets

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME 2:12pm
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.