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Key Highlights From SKYCITY Entertainment Group Limited’s HY Report

This morning, SKYCITY Entertainment Group Limited (ASX: SKC) revealed its financial results for the six month period to 31 December 2017. 

This morning, SKYCITY Entertainment Group Limited (ASX: SKC) revealed its financial results for the six month period to 31 December 2017.

Skycity is a casino and entertainment provider with complexes in Auckland, Hamilton, Queenstown, Adelaide and Darwin. At some, or all, of these locations it has hotes, restaurants, bars and conference facilities.

The results below are comparing against the six month period to 31 December 2016. Here are some of the main points, the figures are the reported figures not the normalised ones:

  • Reported revenue up 4%
  • Reported day to day trading, or EBITDA, up 6.8% (what the heck does EBITDA mean?)
  • Reported profit up 11.6%
  • Reported profit per share up 9.4%
  • Dividend unchanged at 10 cents per share

The company said that the key drivers of the performance were modest growth in the New Zealand properties and growth in the international business among other things.

Skycity said it remains on-tract to achieve modest growth in the Group’s EBITDA compared to last year.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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