Sands China's convention, ferry, and retail revenues fall by 24pc

Business | 21 Feb 2020 6:36 pm

Convention, ferry, retail and other revenues at China for the full year 2019 tumbled by 24.3 percent on year to US$230 million, from US$304 million for  2018, Sands China reported.

The decline was mainly due to lower business volume in ferry operation impacted by the Hong Kong-Zhuhai-Macao Bridge opening in October 2018 and the social unrest in Hong Kong since June 2019, as well as the receipt of insurance proceeds during the year ended December 31, 2018, related to Typhoon Hato and Typhoon Mangkhut.

 

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