Sky City Entertainment Group Limited operates in the Hotels and motels sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sky City Entertainment Group Limited with three other
hotel and motel operators in Australasia:
GL Ltd
(2019
sales of 519.81 million New Zealand Dollars [US$339.30 million]
of which 91%
was Hotels),
Event Hospitality and Entertainment Ltd
of Australia
(995.88 million Australian Dollars [US$682.11 million]
of which 45%
was Entertainment-Australia), and
Redcape Hotel Group Pty Ltd
which is
also
based in Australia
(285.22 million Australian Dollars [US$195.35 million]
of which 100%
was Hotel).
Sales Analysis.
Sky City Entertainment Group Limited reported sales of 802.27 million New Zealand Dollars (US$523.67 million)
for the
fiscal
year ending
June of 2019.
This
represents
a
decrease of 19.3%
versus 2018, when the company's sales were 994.58 million New Zealand Dollars.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Sky City Entertainment Group Limited had sales
of 820.48 million New Zealand Dollars.
Contributing to the drop in overall sales was the 26.1% decline
in Skycity Darwin, from 112.40 million New Zealand Dollars to 83.10 million New Zealand Dollars.
There were also decreases in sales in
Skycity Adelaide (down 2.3% to 145.90 million New Zealand Dollars)
and
International Business (down 11.8% to 122.62 million New Zealand Dollars)
.
However, these declines were partially offset by the increase in sales of
Skycity Auckland (up 6.9% to 567.92 million New Zealand Dollars)
and
Rest of New Zealand (up 1.7% to 66.46 million New Zealand Dollars)
.