By Chris Hutching
Friday 26th May 2000
|Text too small?|
Revenue was up 8% to $21.6 million, producing a profit before tax of $8.6 million. Tax and abnormals took $2.06 million leaving the after-tax profit at $6.6 million.
Skyline's restaurant, gondola (421,000 passengers) and luge at Queenstown enjoyed record numbers and the Blue Peaks Lodge and Mountain View Lodge performed better than last year. An apartment development on the Blue Peaks site was under way and progressing well, Skyline chairman and major shareholder Barry Thomas said.
Visitors to Skyline's gondola and luge at Rotorua business were up 10% at 338,000.
Skyline also receives dividends from its investment in Christchurch Casino (as opposed to consolidating the income) and it also has a stake in the Dunedin Casino. A joint-venture casino with Sky City in Queenstown is under construction.
Skyline will pay a total dividend for the year of 10c a share to be paid on the increased capital of one for three shares announced in March.
No comments yet
MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite