Company’s revenues in three months to 31 December 2022 dropped by 41.57% year-on-year from US$325.66 million to US$190.26 million.
Business
Adjusted Property EBITDAR loss much greater than US$5 million in last quarter of 2021 but better than US$70 million loss in September 2022 quarter.
Indices for existing residential units and pre-sale residential units fall 5.3% and 0.1% respectively year-on-year, DSEC reports.
Retail and food and beverage industries to be prioritised, say Economic Development Council members.
Business volumes up with credit granted and customer deposit increased, however net fees and commission income decreased by MOP 38.5 million.
In largely upbeat report, researchers predict strong growth in visitor numbers and government revenues of around MOP 60 billion; numbers still lag behind 2019’s results.
Tour group from Southeast Asia expected later this month; MGTO considering MOP 350 nightly subsidy for travellers from foreign countries staying in city hotel.
Monetary Authority records gradual growth; resident deposits increased 5.2% to MOP 697.4 billion, non-resident deposits rose 4.2% to MOP 321.7 billion.
January’s MOP 11.58 billion GGR up by 232.56 per cent month-on-month but around half receipts of MOP 22.12 billion prior to pandemic in January 2020.