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Skycity Entertainment Group Ltd (SKC.NZ)

SKC.NZ on New Zealand Stock Exchange

26 May 2017
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$-0.03 (-0.68%)
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Latest Key Developments (Source: Significant Developments)

Skycity Entertainment says Q3 normalised revenue flat on PCP on like-for-like basis
Thursday, 27 Apr 2017 04:30pm EDT 

April 28 (Reuters) - Skycity Entertainment Group Ltd :Q3 group normalised revenue $260.3 million, down 1.6 percent.Previous guidance for FY17 corporate costs, net interest expense, d&a and effective tax rate is reaffirmed.Adelaide business unit expected to be weaker in 2H17 on pcp due to flat revenue and increased margin pressure.Adelaide IB turnover now expected to be consistent in 2H17 on the PCP following improved activity in 3Q17.Auckland still expected to achieve modest earnings growth on the PCP in 2H17, due to major events in 4Q17 and a slightly easier comparative period.Hamilton unit expected to continue to deliver growth on the pcp for the remainder of 2H17.Disruption from capital works programmes across AUCKLAND CBD expected to continue to impact the property, but is being proactively managed.  Full Article

Skycity Entertainment says HY NPAT up 18 pct
Wednesday, 8 Feb 2017 02:42pm EST 

Skycity Entertainment Group Ltd - : Hy reported revenue from ordinary activities nz$ 484.2mln versus nz$513.7 million . Hy net profit after tax $83.8 million, up 18 percent . Interim dividend 10 cents cps . Dividend reinvestment plan will apply to fy17 interim dividend . Expect corporate costs in 2h17 to be higher than 1h17, reflecting increases in innovation and it costs . Expect effective tax rate in 2h17 to be broadly similar to that in 1h17 . Expect net interest expense in 2h17 to be slightly higher than 1h17 .All figures in nz$.  Full Article

Skycity Entertainment Group says FY normalised net profit after tax up 13.9 pct
Tuesday, 9 Aug 2016 05:13pm EDT 

Skycity Entertainment Group Ltd : FY normalised net profit after tax NZ$152.7 million, up 13.9% . Full-year dividend up 1.0cps to 21.0cps . Says FY reported net profit after tax NZ$145.7 million up 13.1% . Says FY reported revenue from ordinary activities NZ$999.6 million, up 9 percent . Medium-term outlook remains positive" . Existing debt facilities are expected to be sufficient to meet future funding requirements out to at least mid-FY 2018 . Total expected project costs remain in-line with previous market guidance .  Full Article

Skycity Entertainment updates on early works agreement signed with SA government
Wednesday, 25 May 2016 11:14pm EDT 

Skycity Entertainment Group Ltd : Ns) - early works agreement signed with sa government . Agreement for start of early works as part of expansion of Adelaide casino and broader development of Adelaide riverbank precinct . Says Skycity is planning to spend up to $A300 million to transform the Adelaide casino .  Full Article

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