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
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes