SkyCity posts lower first half profit as expected, signals earnings growth in second half

Tue, 11 Feb 2014

By Tina Morrison Feb. 12 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino company, posted lower first half profit in line with guidance and said earnings will grow in all its businesses in the second half. Normalised profit was $66.4 million in the six months ended Dec. 31, in line with the $65 million to $68 million forecast in December and down from $72.1 million a year earlier, the Auckland-based company said in a statement. The figures exclude earnings from the Christchurch casino sold in December 2012. Norma...

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