SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.

Underlying profit's plummeted 42 percent, according to new reports.

Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.

SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.

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SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.
Underlying profit's plummeted 42 percent, according to new reports.
Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.
SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67dc2c59-4230-4ecf-95cb-b34000737e98/transcript

The Clacton byelection is getting underway, and it's shaping up to be a 'bizarre' event.

Reform UK leader Nigel Farage stepped down as MP of Clacton and immediately stood for re-election after a slew of allegations of financial misconduct.

None of the other major parties have candidates running, so Farage's opponents include Count Binface, actor-turned-politician Laurence Fox, and three candidates from the Official Monster Raving Loony Party.

UK correspondent Gavin Grey explained further. 

LISTEN ABOVE

The Clacton byelection is getting underway, and it's shaping up to be a 'bizarre' event.
Reform UK leader Nigel Farage stepped down as MP of Clacton and immediately stood for re-election after a slew of allegations of financial misconduct.
None of the other major parties have candidates running, so Farage's opponents include Count Binface, actor-turned-politician Laurence Fox, and three candidates from the Official Monster Raving Loony Party.
UK correspondent Gavin Grey explained further.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent speaks ahead of Clacton byelection

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e6e77f84-5e32-47e8-b54a-b4a40081955c/transcript

Kiwi children’s clothing brand Jamie Kay has seen some noticeable growth, and it's going global.

Jamie Kay opened a flagship store in Christchurch last year and now has four stores in Japan, across Tokyo, Nagoya and Osaka, and another to come in 18 months.

A flagship in Singapore will open in December, and there's also growing demand for the brand across the US.

CEO Zion Armstrong outlines the company's next steps.

LISTEN ABOVE

Kiwi children’s clothing brand Jamie Kay has seen some noticeable growth, and it's going global.
Jamie Kay opened a flagship store in Christchurch last year and now has four stores in Japan, across Tokyo, Nagoya and Osaka, and another to come in 18 months.
A flagship in Singapore will open in December, and there's also growing demand for the brand across the US.
CEO Zion Armstrong outlines the company's next steps.
LISTEN ABOVE

Zion Armstrong: Jamie Kay CEO on the company expanding across Asia and the US

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7b7dcc4a-fa04-4229-8a34-b4a4007e037c/transcript

Earnings season is well under way in New Zealand, with investors outlining their expectations and predictions.

A2 Milk is due to report their results soon, amid a 'rollercoaster' period for the company.

Milford Asset Management's Jeremy Hutton explained further.

LISTEN ABOVE 

Earnings season is well under way in New Zealand, with investors outlining their expectations and predictions.
A2 Milk is due to report their results soon, amid a 'rollercoaster' period for the company.
Milford Asset Management's Jeremy Hutton explained further.
LISTEN ABOVE&nbsp;

Jeremy Hutton: Milford Asset Management expert on investors' hopes for A2 Milk

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2ba14cfc-018c-44e7-9175-b4a4007ba102/transcript

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

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