SkyCity first-half profit to fall as high NZ dollar crimps returns from Australia

Mon, 16 Dec 2013

By Tina Morrison Dec. 17 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino company, said first-half profit will fall as a rise in the New Zealand dollar crimps returns from its Australian businesses. Normalised after-tax profit will probably be $65 million to $68 million in the six months ending Dec. 31, the Auckland-based company said in a statement. That’s lower than the $72 million profit in the year earlier period, excluding earnings from the Christchurch casino which was sold in December 2012. The New Zeala...

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