Earnings at New Zealand casino operator Sky City Entertainment Group fell by 50 percent in the past year.
Sky City Monday reported a net profit of NZ$49.9 million for the year to June 30, compared with NZ$98.4 million in the preceding year.
The company also declared a dividend of 10.5 cents per share, compared with 12 cents last year.
The result falls well short of the company's previous guidance of a profit of NZ$108-110 million before write-downs.
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