SKYCITY Entertainment Group FY18 profits, revenue & earnings rise

Company News

by Anna Napoli

SKYCITY Entertainment Group (ASX:SKC) has announced its reported net profit rose 277.9 per cent to NZ$169.5 million for FY18, when compared with the prior corresponding period.

Meantime, revenue lifted by 7.3 per cent to almost $1.1 billion

The entertainment and gaming business reported a 10.3 per cent rise in earnings (EBITDA) to just under $339 million.

The company declared total financial year 18 dividends of 20 cents per share.

Shares in SKYCITY Entertainment Group (ASX:SKC) are trading 2.34 per cent higher at $3.71 following the announcement.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.