Skyline 2013 profit falls 18 percent on Christchurch casino writedown following earthquake

Wed, 10 Jul 2013

By Tina Morrison July 11 (BusinessDesk) – Skyline Enterprises, the Queenstown-based tourism company whose shares trade on the Unlisted platform, said its so-called distributable profit fell 18 percent in 2013 after it wrote down the value of the Christchurch casino where trading has softened since the earthquakes. Distributable profit to shareholders was $16.6 million in the year ended March 31, down from $20.3 million in the year earlier period, the company said in a statement to Unlisted. The dividend will increase to 37 cents per share fro...

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