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Shares in Sky City lift after profit report

Shares in casino operator Sky City were an early highlight after the sharemarket opened, with the company saying first quarter revenue was 3.3 percent up on a year ago and net profit was up 3.7 percent.Sky City lifted 5c early to 295, with medical equipme

NZPA
Fri, 29 Oct 2010

Shares in casino operator Sky City were an early highlight after the sharemarket opened, with the company saying first quarter revenue was 3.3 percent up on a year ago and net profit was up 3.7 percent.

Sky City lifted 5c early to 295, with medical equipment company Ebos also lifting 5c early, to a new record 730, adding to a string of recent gains after Ebos last week announced a 20c special dividend.

Around 10.20am, the benchmark NZX-50 index was up 1.29 points to 3291.29, after gaining 9.7 points yesterday.

In early trading today NZ Refining Co was up 4c to 364, Restaurant Brands added 2c to 277, and Michael Hill lifted 2c to 80.

Among leading shares Contact Energy edged up 1c to 587, Fletcher Building lost 3c to 817, and Telecom slipped 1c to 206. Hallenstein Glasson lost 2c to 443 and Freightways was down 2c to 302.

In the United States, stocks ended little changed as cautious investors pulled back before expected upheaval from next week's US elections and a likely announcement of more stimulus from the Federal Reserve.

The Dow Jones industrial average dropped 0.1 percent to 11,113.95, the Standard&Poor's 500 Index gained 0.1 percent to 1183.78, and the Nasdaq Composite Index added 0.2 percent to 2507.37.

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NZPA
Fri, 29 Oct 2010
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Shares in Sky City lift after profit report
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