Success Universe expects big losses for H1

The group will report losses due to the pandemic crisis.
The group will report losses due to the pandemic crisis.

Success Universe predicts net losses as high as HK$150 million (US$19.3 million) for the first half of the year.

Macau.- Success Universe Group, an investor in the Ponte 16 venue in Macau, has revealed it expects to report net losses of between HK$120 million (US$15.4 million) and HK$150 million (US$19.3 million) for the first half of the year.

In the same period last year, the group had recorded consolidated profit of HK$48.7 million (US$6.2 million).

The company attributed the decline to the group’s share of a “substantial loss” relating to the Ponte 16 complex as a result of the outbreak of Covid-19, according to a filing sent to the Hong Kong Stock Exchange.

Success Universe is a partner in venue in Macau’s Inner Harbour district with a unit of casino concessionaire SJM Holdings.

In this article:
finance macau