UPDATE: SkyCity beats annual earnings forecast, expects 'modest growth' this year

Tue, 07 Aug 2018

(Adds CEO comment, updates shares) By Tina Morrison Aug. 8 (BusinessDesk) - SkyCity Entertainment Group increased full-year earnings more than forecast as its high-roller business recovered and its flagship Auckland casino improved. It expects "modest growth" in earnings in the current financial year. The Auckland-based company said normalised earnings before interest, tax, depreciation and amortisation lifted 5.5 percent to $338.2 million in the year ended June 30, ahead of the company's forecast for growth of about 3 percent. SkyCity...

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