Skycity boasts strong performance in first half of FY16

Skycity Entertainment Group Limited expects strong financial performance in the first half of FY16, according to interim results guidance filed with the New Zealand Stock Exchange.

As a result, Skycity currently expects that its interim results for the six months to Dec. 31, 2015 will see a 21-23 percent increase in EBITA, and a 26-30 percent increase in NPAT from the previously comparable period.

The company attributes these results on a combination of factors including strong trading performances by all New Zealand businesses, significant costs savings at the Adelaide Casino, and lower funding costs.

Skycity plans to announce its final 1H16 results on Thursday Feb. 11, 2016.