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Listed Companies

SkyCity profit down 76% on fire, pandemic impacts

Brent Melville
Thu, 18 Feb 2021

SkyCity is still paying for 2019's blowtorch incident at the NZICC.
Brent Melville
Thu, 18 Feb 2021
RELATED
Covid lockdowns and 2019's fire at the New Zealand International Convention Centre conspired to slice 76.1% from SkyCity Entertainment's net profit after tax for the six months to December 2020, to $78.4 million from $328m for the comparable 2019 period.Revenue was $449.9m, below forecasts by Forsyth Barr analyst Chelsea Leadbetter who had been looking for a $490.9m including gaming GST.Chief executive Michael Ahearne said while the gaming performance had remained positive, at about 95% of the comparable period, tourism interests in hot...

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Opinion
Waitara, Whakatāne closures a sign of things to come?
Gavin Evans | Mon, 01 Mar 2021

Several plant closures should be ringing painfully loud alarm bells in the corridors of power, writes Gavin Evans.

Media EXCLUSIVE
Stuff boss calls for NZ social media news code
Daniel Dunkley | Mon, 01 Mar 2021

Sinead Boucher says a Kiwi version of the Australian social media deal has to be a good thing for the taxpayer.

Property
Christchurch hospital construction firms in payments dispute
Victoria Young | Mon, 01 Mar 2021

CPB Contractors was the head contractor on the project and had subcontracted the electrical works — a $49 million job — to Christchurch-based KME Services NZ.

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The tyranny of distance had prepared New Zealand corporate leaders well for the pandemic. We were already adept at running global businesses from afar, and as the world locked down, our remoteness became somewhat moot and the rest of the world began operating almost as remotely as we had always done.

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