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    Brief: Skycity Entertainment's Q1FY27 Group Trading Was Consistent With Q4FY26

    Picture of SkyCity Entertainment logoSkyCity Entertainment
    Yesterday 02:20
    BRIEF-Skycity Entertainment's Q1FY27 Group Trading Was Consistent With Q4FY26
    Oct 21 (Reuters) - SkyCity Entertainment Group Limited SKC.NZ:
    • GROUP TRADING IN Q1 OF FY27 HAS BEEN CONSISTENT WITH Q4 OF FY26
    • ONE-OFF CHANGE COSTS FOR COST-OUT PROGRAMME EXPECTED TO BE BETWEEN NZ$17 - NZ$22 MILLION IMPACTING FY27 EARNINGS
    • AIMS TO RESUME PAYING DIVIDENDS IN FY28
    • FY27 CAPITAL EXPENDITURE IS LIKELY TO BE IN MID POINT OF NZ$80M - NZ$100M RANGE
    • BUSINESS REORGANISATION TO IMPACT AROUND 250 ROLES, PREDOMINANTLY IN CORPORATE AND BACK OF HOUSE FUNCTIONS
    • COST-OUT PROGRAMME, WHICH NOW TARGETS NZ$30 MILLION IN FY27, INCREASING TO NZ$70 MILLION IN FY28
    Further company coverage: SKC.NZ

     ((Reuters.Briefs@thomsonreuters.com;))

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