Hong Kong-listed investment firm Success Universe Ltd has reported a profit attributable to owners of the Company of HK$169.3 million (US$21.6 million) in 2023, reversing a HK$287.1 million (US$36.7 million) loss from a year earlier due in part to the performance of its Macau integrated resort, Ponte 16.
Success Universe holds a 49% stake in Ponte 16 operator Pier 16 – Property Development, with Macau concessionaire SJM Resorts S.A. holding the other 51%.
Announcing its FY23 results on Thursday, the company said its shared profit of the associates relating to Ponte 16 amounted to HK$143.7 million (US$18.4 million), reversing a HK$42.1 million (US$5.4 million) share of loss in 2022. The property, which boasts 109 gaming tables of which 103 are mass and six are high-limit, recorded Adjusted EBITDA of HK$334.1 million (US$42.7 million) versus an Adjusted EBITDA loss of HK$46.2 million (US$5.9 million) a year ago.
The company’s travel business Jade Travel Ltd, which is based in Canada and offers travel solutions to customers in wholesale and retail markets, booked a HK$4.3 million (US$550,000) profit on revenues of HK$99.2 million (US$12.7 million) for the year.
“In a dynamic recovery environment, the Group draws inspiration from positive developments in its sectors in 2024,” Success Universe said.
“The Group maintains an optimistic and strategic approach to navigate the robust yet dynamic recovery, with a strong commitment to enriching its diverse business portfolio. With a strategic mindset and prudent decision-making, the Group remains steadfast in its mission to achieve a sustainable long-term growth and capitalize on emerging opportunities ahead.”
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