{"id":18422,"date":"2021-05-28T11:31:53","date_gmt":"2021-05-28T11:31:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18422"},"modified":"2026-04-23T19:07:40","modified_gmt":"2026-04-23T22:07:40","slug":"nagacorp-approves-final-dividend-for-shareholders","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-approves-final-dividend-for-shareholders","title":{"rendered":"Nagacorp approves final dividend for shareholders"},"content":{"rendered":"\n

Nagacorp has approved a motion to pay out a final dividend for the year ending December 31 2020.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Casino operator and developer\u00a0NagaCorp\u00a0<\/strong>has announced that the payment of a\u00a0final dividend for the year 2020<\/strong>.\u00a0<\/p>\n\n\n\n

According to a note sent to the\u00a0Stock Exchange of Hong Kong<\/strong>, the decision, which was approved by the board at its 2021 annual general meeting, was almost unanimous.<\/p>\n\n\n\n

In April,\u00a0the company suggested a final dividend of US$0.0188 per share<\/strong>\u00a0based on the net profit generated for the second half of 2020.<\/p>\n\n\n\n

Nagacorp<\/a>\u00a0reported net profit of US$102.3m and a gross profit of US$427m<\/strong>, compared to US$846.3m the previous year.<\/p>\n\n\n\n

The casino operator also reported Gross Gaming Revenue of US$878.7m <\/strong>for the year 2020, against US$1.8bn recorded in 2019.<\/p>\n\n\n\n

NagaCorp<\/a> faced a temporary closure of its Cambodian property<\/strong> for over three months and a reduced level of tourist visits throughout the year 2020. <\/p>\n\n\n\n

In March, the NagaWorld casino complex suspended its activities again\u00a0<\/strong>after 11 staff members tested positive for Covid-19.<\/p>\n\n\n\n

Although Cambodia\u2019s\u00a0prime minister, Hun Sen<\/strong>, announced the\u00a0end of the latest restrictions in the capital Phnom Penh from May 6<\/strong>, it is still unknown when NagaWorld will reopen its doors.<\/p>\n\n\n\n

Due to this situation, NagaCorp<\/a> <\/strong>said it will cut 15 per cent of staff<\/strong>, equivalent to 1,300 jobs, as it continues to struggle with the impact of the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nagacorp has approved a motion to pay out a final dividend for the year ending December 31 2020.<\/p>\n","protected":false},"author":176,"featured_media":18423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NagaCorp has approved a final dividend payment of US$0.0188 per share for the year ending December 31, 2020, despite a significant decline in GGR to US$878.7m and net profit to US$102.3m compared to the prior year. The casino operator faced prolonged operational disruptions at its NagaWorld property in Cambodia due to COVID-19, leading to staff reductions and ongoing uncertainty regarding reopening.","focusai_entities":"NagaCorp, Stock Exchange of Hong Kong, Hun Sen, NagaWorld","focusai_location":"Cambodia, Phnom Penh, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Sustainability Outlook","query":"Given the significant GGR contraction and ongoing operational uncertainties at NagaWorld, what is the projected sustainability of NagaCorp's dividend policy for FY2021 and beyond, particularly concerning its impact on capital allocation for future development or market expansion?"},{"label":"Post-Reopening GGR Recovery","query":"What specific operational strategies and market conditions are critical for NagaCorp to achieve a robust GGR recovery post-reopening, and how might the reduced workforce impact service delivery and player experience, potentially affecting long-term revenue trajectories?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-18422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=18422"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18422\/revisions"}],"predecessor-version":[{"id":18449,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18422\/revisions\/18449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18423"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}