SkyCity FY profit falls 8 percent on flat Auckland result, one-off 2012 benefits

Tue, 13 Aug 2013

Aug. 14 (BusinessDesk) – SkyCity Entertainment Group, which has won increased gaming concessions in Auckland and Adelaide, said full-year profit fell 8 percent, missing estimates, on a flat result in New Zealand’s biggest city and one-time benefits the previous year, which weren’t repeated. Shares of SkyCity fell as much as 4.9 percent to $3.90 as soon as trading opened on the NZX, recovering to trade down 3.9 percent at $3.94. Net profit fell to $127 million, or 22.1 cents a share, in the year ended June 30, from $138.9 million, or 23.8 cen...

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