MGM China's net profit increases 10pc to HK$5.07 billion

Macau casino operator MGM China (2282) reported a net profit of HK$5.07 billion, an increase of 10.2 percent year-on-year.

A final dividend of HK$0.35 per share will be paid, bringing the full-year dividend to HK$0.67.

Its total operating revenue rose 10.8 percent to HK$34.79 billion, representing a record high for the group.

Casino revenue increased by 11.7 percent to HK$30.47 billion, while other revenue, comprising hotel rooms, food, beverage, retail and entertainment, increased by 5.2 percent to HK$4.32 billion.

The adjusted earnings before interest, taxes, depreciation, and amortization increased 10.4 percent to HK$10.01 billion.

Besides, this Macau casino giant mentioned that its overall gaming market share reached a record high of 16.1 percent last year, compared with 15.8 percent for the prior year.