SkyCity expects core annual net profit to fall after tax charge

Tue, 30 Apr 2019

By Rebecca Howard May 1 (BusinessDesk) - SkyCity Entertainment Group lowered its full-year guidance slightly after year-to-date trading was softer than expected and after the earlier settlement of the Darwin casino sale. The casino operator now expects its normalised earnings before interest, tax, depreciation and amortisation for the year ending June 30 to be flat on the previous year. This contrasts with a prior forecast for 5 percent growth when it announced its first half result in February. That earlier forecast was based on the A$...

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