CWN 0.25% $12.09 crown resorts limited

News: CWN Sky City shares hit over four-month low after posting FY profit drop

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    WELLINGTON, Aug 9 (Reuters) - Shares in New Zealand casino operator Sky City Entertainment Group Ltd (SKC) fell 3.2 percent to a more than four-month low on Wednesday after the company's reported slump in full-year 2017 profit.

    The stock hit NZ$3.97 ($2.91), its lowest since March 30, when the stock exchange opened after the firm posted a 69.2 percent drop in net profit after tax for the 2017 financial year.

    The firm's international business had taken a hit in 2017 from reduced numbers of Chinese visitors after arrests involving its rival Crown Resorts (CWN). ($1 = 1.3648 New Zealand dollars)

 
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