{"id":777013572,"date":"2024-02-29T09:44:38","date_gmt":"2024-02-29T12:44:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013572"},"modified":"2026-04-22T12:31:16","modified_gmt":"2026-04-22T15:31:16","slug":"donaco-posts-net-revenue-of-us12-63m-for-first-half-of-fy24","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-posts-net-revenue-of-us12-63m-for-first-half-of-fy24","title":{"rendered":"Donaco posts net revenue of US$12.63m for first half of FY24"},"content":{"rendered":"\n

Donaco’s net revenue was up 96 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Donaco International\u00a0<\/strong>has shared its financial results for the first six months of the financial year 2024. The company reported net revenue of AU$19.45m (US$12.63m)<\/strong>,\u00a0up 96 per cent year-on-year<\/a>, and EBITDA of AU$10.79m (US$7m).<\/p>\n\n\n\n

Donaco recorded a net profit after tax of AU$5.7m (US$3.7m)<\/strong>. During the same period last year, it had reported AU$36.74m (US$23.87m) in losses. The company attributed the growth to the reopening of international borders.<\/p>\n\n\n\n

DNA Star Vegas<\/strong> in Cambodia posted net revenue of AU$13.36m (US$8.68m) and EBITDA of AU$8.72m (US$5.66m). The casino venue reported an average daily visitation of 891 players for the first half of the fiscal year thanks to increased tourism from Cambodia after the lifting of Covid-19 restrictions.<\/p>\n\n\n\n

Aristo International Hotel<\/strong> in Vietnam recorded net revenue of AU$6.09m (US$3.96m) and EBITDA of AU$3.47m (US$2.25m).\u00a0<\/p>\n\n\n\n

Paul Porntat<\/strong>, Donaco\u2019s non-executive chairman, said: \u201cDonaco\u2019s success in the first half of the year is a testament to our effective turnaround strategy, bolstered by operational execution and an influx in tourism and visitations across our venues. <\/p>\n\n\n\n

“Our commitment to improved performance and operational management resulted in increased growth, contributing to a robust balance sheet across our business.\u00a0The positive impact of the recently launched Cambodian Government campaign to attract Thai visitors has significantly benefited Star Vegas. While Aristo commenced a campaign to attract VIP visitors, which also led to increased revenue.\u00a0<\/p>\n\n\n\n

“Following an outstanding 1H FY24, Donaco remains well-placed for sustained growth in the second half of this financial year. Our commitment to executing our strategy, coupled with leveraging international tourism, positions Donaco to deliver solid results.\u201d<\/p>\n\n\n\n

The company said it is in a strong position, backed by a robust balance sheet and growing visitation numbers to its casinos.\u00a0It said Aristo would benefit from the construction of the Sapa Airport in the region, due to open in 2025.<\/p>\n\n\n\n

Donaco\u2019s Star Vegas operation is expected to see more inbound international visitors following\u00a0a recent tourism campaign led by the Cambodian Government<\/a>. It is also exploring tour groups and implemented a membership loyalty program in January.<\/p>\n","protected":false},"excerpt":{"rendered":"

Donaco’s net revenue was up 96 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":19768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International reported a significant financial turnaround for 1H FY24, achieving AU$19.45m in net revenue, up 96% year-on-year, and a net profit after tax of AU$5.7m, reversing prior-year losses. This growth is primarily attributed to the reopening of international borders and targeted tourism campaigns benefiting its DNA Star Vegas (Cambodia) and Aristo International Hotel (Vietnam) properties.","focusai_entities":"Donaco International, Paul Porntat","focusai_location":"Australia, Cambodia, Vietnam","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), product_ux (0.7), marketing_crm (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Growth Sustainability?","query":"Given the significant reliance on tourism recovery, what specific operational efficiencies and diversification strategies are being implemented to ensure sustained NGR growth beyond the initial post-pandemic rebound?"},{"label":"Marketing ROI?","query":"What is the projected ROI for the Cambodian Government's tourism campaign and Aristo's VIP attraction initiatives, and how will these be measured against player acquisition costs and lifetime value?"}],"footnotes":""},"categories":[16336,163],"tags":[966],"class_list":["post-777013572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013572","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=777013572"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013572\/revisions"}],"predecessor-version":[{"id":777013600,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013572\/revisions\/777013600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19768"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}