SJM, the Macau casino operator headed by Dr Stanley Ho, has published its unaudited results for the first quarter 2010.
Some highlights include:
- Gaming revenue during the period was HKD12.7 billion (USD1.63 billion) an increase of 74 percent from HK$7.3 billion in the quarter ended 31st March 2009.
- Adjusted EBITDA of the group for the period was HKD1.1 billion, an increase of 155 percent from HKD430 million in the year earlier quarter.
- Profit attributable to owners of the company was HD$760 million, an increase of 451 percent from HKD138 million in the year earlier quarter.
- The group’s gaming revenues accounted for 31.9 percent of Macau’s casino gaming market during the quarter, as compared with 28.8 percent in the year earlier quarter.
- The group maintained a strong and liquid financial position, with HK$11.8 billion of cash and HK$4.9 billion of debt (excluding convertible bonds) as at 31st March 2010.
