New Zealand casino business, Skycity Entertainment Group Ltd (ASX:SKC) has released its financial results for the year ended 30 June 2016.
The following figures are in New Zealand Dollars.
Skycity says its normalised net profit was $152.7 million, representing a 13.9% increase over the previous year – boosted by strong tourism in New Zealand.
As for its normalised EBITDA, it went up 8.2% to $330.1 million.
The company will pay a final dividend of 10.5 cents per share on 16 September 2016. Half of that dividend will be imputed at the company’s NZ tax rate of 28%, and not franked for Australian purposes.