MGM China reports final dividend

mgm china

The total amount will be approximately US$78 million in aggregate for last year.

The company said the final dividend will be available before June.

China.- The Asian casino operator MGM China Holdings Limited announced that it will pay a final dividend of US$0.02 per share to its shareholders. The total amount will be approximately US$78 million in aggregate for last year.

The news were announced during a filling to the Hong Kong Stock Exchange on Monday, where MGM China explained that the total amount represents 20 percent of the company’s profit attributable to its owners for the entire 2016. They also reported that the final dividend will be available on June 16 if the shareholders finish the registration process before June 6.

Earlier this week, the company reported its financial results for the fourth quarter of 2016, where it experienced a net revenue increase of US$1 million compared to the same period a year before. “The group continues to respond to the current market conditions by focusing on profitability, actively managing the gaming floor and room yields and lowering the operating cost base. We are selectively allocating capital expenditure to enhance and refine MGM Macau and progress the development of our new MGM Cotai property,” said a statement from the company.