Sky City Entertainment Group Ltd. provided earnings guidance for the six months ending December 31, 2015. For the period, the company expects normalized EBITDA of $175 million to $180 million, normalized NPAT of $83 million to $86 million, reported EBITDA of $170 million to $173 million, reported NPAT of $69 million to $71 million. The expected first half of 2016 performance at both the EBITDA and NPAT levels is significantly up on that achieved in the prior comparable period.

This is due to a combination of factors, including: Strong trading performances by all New Zealand businesses; Strong growth in turnover in the International Business, with turnover slightly above $7 billion for the period; Significant cost savings achieved at the Adelaide Casino; and significantly lower funding costs (after deduction of capitalised interest). The reported results are expected to differ from the normalised results primarily due to adjustments for the actual win rate in the International Business and the write-off of various non-current assets, including buildings to be demolished as part of the construction of the New Zealand International Convention Centre.