SkyCity Entertainment’s Fiscal 2016 Result, a Tale of Two Halves and Two Countries
SkyCity Entertainment reported a mixed fiscal 2016 result about 5% below our expectations. This was due to a weaker-than-expected second half, particularly in Australia casinos, VIP, and higher corporate costs. Normalised NPAT of NZD 152.7 million was up 13.9% on the prior year. If we add back one-off corporate costs, normalised NPAT would be up around 17%. The final dividend was raised by 5% to NZD 0.105 per share, 50% imputed. No guidance was given.We have lowered our EBITDA fiscal 2017 and ...
Sky City Entertainment Group and its subsidiaries are organised into the following main operating segments: SKYCITY Auckland, which includes casino operations, hotels and convention, food and beverage, carparking, Sky Tower and a number of other related activities; Rest of New Zealand, which includes the Group's interest in SKYCITY Hamilton, SKYCITY Queenstown Casino and SKYCITY Wharf; SKYCITY Adelaide, which includes casino operations and food and beverage; SKYCITY Darwin, which includes casino operations, food and beverage and hotel; as well as International Business, which includes commission and complimentary play.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.