Sands China loss narrows to US$166m

Sands China (1928) recorded a net loss of US$166 million (HK$1.29 billion) for the second quarter this year, narrowing by nearly 70 percent year-on-year.

The total net revenues of the casino group increased to US$849 million for the second quarter of 2021, compared to US$40 million in the second quarter last year.

The company also had adjusted property earnings before interest, taxes, depreciation, and amortization of US$132 million for the second quarter of 2021, compared to an adjusted property EBITDA loss of US$312 million for the second quarter of 2020.