New Zealand based, Sky City Entertainment Group Ltd
(ASX:SKC) says it expects to exceed market expectations for net profit after tax for the 2009 financial year.
The gaming company says it now expects net profit after tax to be in the range of $113 million and $116 million for the 2009 year due to improved fourth quarter revenues and earnings across its core casino operations in Auckland, Adelaide and Darwin.
In April the company forecast net profit after tax of $99 million to $106 million for the year and indicated it was on track to achieve a result comfortably within that range.
The company says it expects underlying and reported earnings before interest, tax, depreciation and amortisation for the 2009 year to be approximately $300 million.
Looking back over the past five years, Sky City Entertainment Group’s profit highlight was in 2006.
