SkyCity provided earning guidance for FY22 result

SkyCity Entertainment Group Limited (ASX: SKC) provided an earnings guidance for the financial year ending 30 June 2022 after the company experienced a strong performance from its local gaming business, mainly in New Zealand, after the recent relaxation of COVID-19 restrictions.

The company anticipates its normalized EBITDA to be in the range of $135 million to $140 million and its normalized Net Profit After Tax to be in the range of $3.5 million to $7 million. Both are subject to no material changes in operating settings. However, the company is not able to provide guidance for the statutory result due to uncertainty about the potential accounting adjustments required.

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