26/08/2003

$107 Million FY03 Profit For SKYCITY Entertainment Group

SKYCITY Entertainment Group Limited today posted another impressive operating result, with an after tax surplus of NZ$107.2 million for the year ended 30 June 2003. The result is a 26% increase over the previous financial year (FY02: $85.1m before non-recurring item).

A final dividend of 26 cents per share has been declared, bringing total shareholder dividends for the year to 67cps (including a special dividend of 20cps paid in November 2002).

The final dividend payment date is 3 October, with the entitlement date being 19 September. One of the NZX's best performing stocks, SKYCITY has paid out a total of NZ$460 million in dividends to shareholders since it commenced operations in February 1996.