Skip to content
Menu

SJM net revenue rises 19.4% year-on-year for first six months of 2021

Modest results announced days after Macao’s oldest gaming company opens US$5 billion Grand Lisboa Palace on Cotai.

ARTICLE BY

PUBLISHED

Modest results announced days after Macao’s oldest gaming company opens US$5 billion Grand Lisboa Palace on Cotai.

ARTICLE BY

PUBLISHED

UPDATED: 22 Dec 2023, 4:43 am

Hong Kong-listed SJM Holdings announced yesterday that total group net revenue rose 19.4 per cent year-on-year to HK$5.22 billion in the first half of 2021.

A spokesman for Macao’s oldest gaming company said its net gaming revenue increased 18.8 per cent to HK$5.07 billion in the first six months of the year.

Adjusted EBITDA improved by 48.2 per cent to a negative HK$510 million from a negative HK$984 million. Loss attributable to the owners of the company was HK$1.46 billion, 3.8 per cent greater than the HK$1.41 billion in the year-earlier period.

SJM Resorts had an 11.6 per cent share of Macao’s gaming revenue in the first half of the year, including 15.6 per cent of mass market table gross gaming revenue and 5 per cent of VIP gross gaming revenue.

Vice-Chairman and CEO Ambrose So Shu Fai commented: “SJM’s operating results in the first half of the year reflect the cautious reopening of Macao for tourism. We anticipate continued growth in the second half of 2021, and we are very pleased that our Grand Lisboa Palace resort is now open to welcome the increasing flow of visitors.”

 

UPDATED: 22 Dec 2023, 4:43 am

Send this to a friend