Sky City results drop
20 Aug 2007
NEW ZEALAND -- As reported by Reuters: "New Zealand's largest casino operator Sky City Entertainment Group Ltd reported on Monday a 18 per cent fall in annual profit in line with expectations.
"Sky City made a net profit of $98.4 million in the year ended June 30, compared with a $120.1 million profit the year before.
"The company said in May that it was comfortable with analysts' estimates for an annual profit around $98 million.
"It declared a dividend of 12 cents per share, compared with 14 cents per share last year.
"Shares in Sky City closed on Friday at $4.20 having fallen 16.7 per cent so far this year, compared with a 4 per cent fall for the benchmark NZSX-50 index..."