SkyCity meets guidance with 8 percent gain in normalised profit on Auckland growth

SkyCity meets guidance with 8 percent  gain in normalised profit on Auckland growth
By Hannah Lynch Aug 15 (BusinessDesk) - SkyCity Entertainment Group, the casino company in talks with the government to build Auckland’s convention centre, lifted annual profit by 8 percent, meeting guidance, on growth from New Zealand’s largest city and a gain from the Rugby World Cup. Normalised net profit, which strips out one-time items and adjusts for its theoretical win rate, rose to $141.4 million in the 12 months ended June 30, from $130.9 million a year earlier, the company said in a statement. Sales rose 8.4 percent to $950.7 mill...