SkyCity first-half profit falls 16 percent on lower IB win rate, year-earlier Rugby World Cup

Tue, 12 Feb 2013

Feb. 13 (BusinessDesk) – SkyCity Entertainment Group, the casino and hotel company, said first-half profit fell 16 percent on a lower win rate for its international business and year-earlier Rugby World Cup benefits that weren’t repeated. Net profit fell to $66.3 million, or 11.5 cents a share, in the six months ended Dec. 31, from $78.8 million, or 13.7 cents a share, a year earlier, the Auckland-based company said in a statement. Revenue, including gaming GST, fell 1.4 percent to $487.3 million. Profit missed the $75.9 million forecast by...

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