Sky City Entertainment Group Limited
(ASX:SKC) has reported a four per cent rise in underlying full year profit thanks to a stronger Auckland economy, gaming machine revenue in Auckland returning to pre-GFC levels and a more optimistic consumer outlook.
Net profit for the year to June was up just over 20 per cent to $123 million, following a $15 million write-down of the investment in the Christchurch casino following the earthquakes there.
Chief executive Nigel Morrison says he’s optimistic, with business confidence in New Zealand improving.
A final dividend of 8 cents per share will be paid, that’s down from 9.5 cents last year.
