SkyCity lifts earnings 14% in first four months of 2016 financial year

Thu, 12 Nov 2015

By Tina Morrison Nov. 13 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, boosted earnings 14 percent in the first four months of its 2016 financial year on improved results from its flagship Auckland businesses and its struggling Adelaide property. Earnings before interest, tax, depreciation and amortisation rose to $107.2 million in the four months ended Oct. 31, from $94.1 million in the year earlier period, the Auckland-based company said in a statement. Revenue advanced 10 percent to $363.6 mill...

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