UPDATE: SkyCity normalised FY profit rises 1.3% on modest NZ growth

Tue, 08 Aug 2017

(Adds details of earnings, updates shares) By Rebecca Howard Aug. 9 (BusinessDesk) - SkyCity Entertainment Group, the casino and hotel group, posted a small gain in normalised full-year profit on modest growth in New Zealand and a lower net interest expense, offset by reduced turnover in its international business and ongoing weak trading conditions in Australia. Normalised net profit rose 1.3 percent to $154.6 million in the year ended June 30, the Auckland-based company said in a statement. The result is slightly lower than analysts...

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