SJM Holdings profit climbs by 45.2pc to HK$2.8b

Business | 28 Feb 2019 7:20 pm

SJM Holdings (0880) posted a year-on-year increase of 45.2 percent in net profit at HK$2.85 billion for 2018.

Net gaming revenue of Sociedade de Jogos de Macau, S.A., a subsidiary, was HK$33.68 billion in 2018, an increase of 8.3 percent from the previous year.

The company declared a final dividend of 21 HK cents per share.

The subsidiary SJM had a 14.9 percent share of Macau’s gross gaming revenue, including 19.5 percent of mass market table gaming revenue and 12.2 percent of VIP gaming revenue.

The group’s flagship, Casino Grand Lisboa, had an increase in gross gaming revenue of 4.7 percent, and 24.3 percent increase in adjusted EBITDA and a 33.8 percent increase in net profit.

Construction of the Grand Lisboa Palace, the integrated resort on Cotai, is expected to be completed in the first half of this year.

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