Tuesday, July 21, 2009

Sky City Surges as Full-Year Profit More Than Doubles

July 21 (Bloomberg) -- Sky City Entertainment Group Ltd., New Zealand’s biggest casino operator, had its biggest gain in 21 months in Wellington trading after saying full-year profit more than doubled.
Net income was as much as NZ$116 million ($76 million) for the year ended June 30 from NZ$49.9 million a year earlier when the company took a NZ$60 million charge against its cinema unit, Auckland-based Sky City said today, citing preliminary accounts. The stock surged 6.6 percent.

Read more:
http://www.bloomberg.com/apps/news?pid=20601205&sid=aKIcAsRBfMK0

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