Sky City 1H profit falls 11% as Adelaide weighs

Tue, 10 Feb 2015

By Tina Morrison Feb. 11 (BusinessDesk) - Sky City Entertainment Group, New Zealand's only listed casino company, posted an 11 percent decline in first-half profit as it got less benefit than expected from high roller customers and disruption from the redevelopment of the Adelaide casino weighed on earnings. Profit fell to $54.6 million, or 9.3 cents per share, in the six months ended Dec. 31, from $61.1 million, or 10.4 cents, the year earlier, the Auckland-based company said in a statement. That's below the $69.3 million expected by For...

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