SkyCity shares hit month-high as analysts buoyed by 2018 earnings

Thu, 09 Aug 2018

By Tina Morrison Aug. 9 (BusinessDesk) - Shares of SkyCity Entertainment Group rose to a month high as analysts were buoyed by the casino company's better-than-expected full-year earnings report yesterday. New Zealand's only listed casino company yesterday posted a 5.5 percent lift in 2018 normalised earnings before interest, tax, depreciation and amortisation to $338.2 million, boosted by a lift in its high-roller business and ahead of its forecast for 3 percent growth. The shares were the best performer on the benchmark S&P/NZX50 Ind...

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