Sands China’s interim net profit increased 9% year-on-year to 10.188bet login 6.7 billion

Author of this article: Zhang Zhanxiong 2019-08-09
Sands China announces interim results,Interim period ended June 30, 2019,The group recorded a net income of approximately 44.188bet login 6.8 billion,4 year-on-year growth.76%;Adjusted property EBITDA is 16.188bet login 300 million,YoY growth of 5.84%;Profit attributable to equity holders of the company 10.188bet login 6.7 billion,9 year-on-year growth.0%。

Sands China (01928-HK) announces interim report,Interim period ended June 30, 2019,The group recorded a net income of approximately 44.188bet login 6.8 billion,4 year-on-year growth.76%;Adjusted property EBITDA is 16.188bet login 300 million,YoY growth of 5.84%;Profit attributable to equity holders of the company 10.188bet login 6.7 billion,9 year-on-year growth.0%;Basic earnings per share 13.20 cents,No interim dividend。

Announcement display,Net income increased in most business categories during the period,Mainly driven by the growth of Parisian Macao。The company continues to enjoy market-leading visitor numbers in Macau,The company focuses on promoting high-profit mass gaming business,Provide luxurious leisure facilities and top services to VIPs and high-end customers at the same time。

First half of 2019,The company’s net casino revenue is 35.US billion,33 compared with the same period last year. billion increase 6.0%。The increase was mainly due to the increase in net income of The Parisian Macao1.US.1 billion,Driven by higher mass betting volumes and higher win percentages across all gaming products。

In addition,Interim adjusted property EBITDA increased by 5.6%,Mainly driven by increased revenue in most business categories。The management team continues to focus on operational efficiency and cost control measures in both the gaming and non-gaming aspects of the business。

At the end of June 2019,The company holds cash and cash equivalents 17.188bet login 800 million,Net proceeds balance mainly from the company’s operating business and issuance of senior notes。Such cash and cash equivalents are mainly held in Hong Kong dollars and US dollars。

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