SkyCity’s revenue drops

Company News

Skycity Entertainment Group Limited (ASX:SKC) says revenue before one-time items has dropped 2.8 per cent so far this financial year as a higher New Zealand dollar crimps returns from its Australian businesses.
 
Revenue before one-time items fell to $239 million from July 1 to October 13.
 
In SkyCity's New Zealand business, revenue so far this financial year rose 2.9 per cent to $NZ165 million.
 
In Auckland, revenue rose 3.8 per cent to $NZ145.9m as it benefited from modest growth in core local gaming revenues and strong growth in international business while non-gaming revenues remained flat.
 
In Australia, total revenue of $90 million so far this year is unchanged from the year earlier period

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