Covid-19 restrictions bite into Sky City’s half-year profit; double-digit growth for Contact Energy; markets on a bumpy ride after latest US inflation data.

Recap

English - February 14, 2022 03:58 - 12 minutes - 17.4 MB - ★★★★★ - 2 ratings
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Previous Episode: Kathmandu update reports higher sales; growth in new sign ups for Twitter; where are NZ investors putting their money?

Next Episode: AMD and Xilinx make a record-breaking deal; Infratil downgrades its earnings guidance; BHP beats expectations for the first half-year.

The latest data from the US showed that US inflation was 7.5% for the year ending in January, which was its highest rate in about 40 years. More hydro generation, higher sales and fewer costs see Contact Energy (CEN) post a “solid financial performance”. Sky City Entertainment (SKC) reports significant impacts on its profit and earnings. The Crown Resorts Limited (CWN) board unanimously recommends a buyout by private equity firm Blackstone.

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