SkyCity's net profit and before tax earnings have been hit badly by Covid-19 and the inferno at its new International Convention Centre,
SkyCity's net profit and before tax earnings have been hit badly by Covid-19 and the inferno at its new International Convention Centre,
3 September 2020
The company's released its full year results for the year ended June 30.
Normalised profit after tax is down nearly 60 percent - and its earnings before tax and other charges is down about 38 percent.
Reported results are up significantly on the previous year, due to accounting for the fire and money from the sale of the SkyCity Auckland car park.
That was partially offset by a 169 million dollar impairment, or devaluation, of the Adelaide Casino.
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