Sky in season

The reporting season kicks off next week with Sky City’s result for the June 30 year and Sky City management have already flagged the risk that online competition posed.

Market expectations are for a normalised net profit of around $155m for the year, little changed from the previous year and for revenue to be flat at around $1b. The key influences are expected to be rising petrol costs and falling house prices. On the plus side, Sky City has a booming tourism sector running in its favour.