Macau Legend shares fall after announcement of results delay

Macau Legend’s stock price fell more than 10 per cent after the company announced a delay in the release of its annual results, which could lead its stocks to be be suspended in Hong Kong.

Macau.- Shares in Macau Legend fell more than 10 per cent in Hong Kong after the company warned that trading was likely to be suspended from April 1 due to a delay in the release of its audited annual results for 2021.

The company said it had been unable to finalise its results for the timetable set by the Hong Kong stock exchange due to Covid-19 restrictions. It said it would finalise its results as soon as possible.

For the first half of the year 2021, the company reported revenue of HK$527.4m, a 44.9 per cent rise from 2020 and a net loss of HK$688.6m (US$88.5m). It reported gaming revenue of around HK$42.1m, up 46.7 per cent year-on-year, mainly from Landmark Casino, which posted a HK$123.3m increase in gaming revenue.