SkyCity reports USm loss for FY22

SkyCity has reported a NZ$33.6m (US$20.9m) loss for the year ended 30 June 2022, largely due to the closure of its flagship property in Auckland for 107 days during 1H22 due to pandemic-related restrictions.

The group’s Hamilton property was forced to close for 65 days, with its Queenstown property closed for 22 days.

The operator reported a 33% year-on-year decline in revenue to NZ$639m. Its Auckland property represented the majority of such revenue at NZ$330.6m, followed by Hamilton and Queenstown at NZ$56.2m and NZ$10.2m respectively.

NZ Other and the group’s Adelaide property reported totals of NZ$3.8m and AU$184.5m (US$128.6m) respectively.

  
Read Full Article