Sky City's profit up after reporting standards switch

Sky City Entertainment revised its 2005 profit higher yesterday after it adopted International Financial Reporting Standards.

Net income in the year to June 30 was $106.4 million from a previously reported $104 million.

Profit in the six months to December 31, 2004, was $59.6 million under the new standards. The company reports its half-year results for the six months to December on February 22.