The chips are down: SkyCity tables $33.7m loss

The chips are down: SkyCity tables $33.7m loss
Ahearne says there is 'no dividend likely this year'. (Image: supplied)
Brent Melville
SkyCity Entertainment opted to release its half-year financial results on Valentine’s Day, but shareholders won’t be in love with the performance.Pandemic restrictions across both Australian and New Zealand casino and hotel operations during the period conspired to slash reported revenue to $289.8 million for the six months to Dec 31.Earnings before interest, taxes, depreciation and amortisation (ebitda) was down 86.4% to $20.4m, from the comparable $150.5m.  Net profit after tax was a reported loss of $33.7m, from a profit of...

More Markets

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. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025