SkyCity sinks on red ink as earnings season starts under Russian cloud

Ella Somers
Mon, 14 Feb 2022

Trainee reporter
funded through
Ella Somers
Mon, 14 Feb 2022
SkyCity Entertainment fell after sinking into the red at the start of the domestic earnings season, which kicked off in earnest on Monday against the backdrop of growing unease over Russia’s potential invasion of Ukraine.The casino operator dropped 3.7% to $2.90 in trading on the NZX today after reporting a loss of $33.7 million in six months ended Dec 31 as covid-19 lockdowns limited its ability to open its doors. With more than 3 million shares changing hands, it was the most heavily traded stock on the day.That was one of two of the ea...

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