SkyCity expects FY profit in `$140 millions’, about matching 2012 result

Thu, 18 Oct 2012

Oct. 19 (BusinessDesk) – SkyCity Entertainment Group, the casino and hotel operator, said full-year profit is expected to be “in the $140 millions”, in line with the 2012 result, with Darwin seen as a standout in otherwise flat trading conditions. The shares fell 2.5 percent to $3.85 on the NZX today and have gained 13 percent this year. Normalised net profit, which strips out one-time items and adjusts for its theoretical win rate, was $141.4 million in the year ended June 30. Nigel Morrison told shareholders at their annual meeting today...

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