{"id":777014332,"date":"2024-03-28T08:52:47","date_gmt":"2024-03-28T11:52:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014332"},"modified":"2026-04-22T11:38:43","modified_gmt":"2026-04-22T14:38:43","slug":"success-universe-posts-net-profit-of-us21-6m-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-posts-net-profit-of-us21-6m-for-2023","title":{"rendered":"Success Universe posts net profit of US$21.6m for 2023"},"content":{"rendered":"\n<p>That compares to a net loss of HK$287.1m in 2022.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The casino investor<strong>\u00a0Success Universe Group\u00a0<\/strong>has shared its financial results for the year 2023. The company posted a net profit of HK$169.3m (US$21.6m). Revenue was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/success-universe-posts-us36-57m-loss-for-2022\" target=\"_blank\" rel=\"noreferrer noopener\">down 11 per cent in year-on-year terms<\/a>\u00a0to approximately HK$101.9m while gross profit increased by 35 per cent to about HK$16.8m.<\/p>\n\n\n\n<p>From the <a href=\"https:\/\/focusgn.com\/asia-pacific\/ponte-16-phase-3-construction-to-kick-off-this-year\" target=\"_blank\" rel=\"noreferrer noopener\">casino hotel Ponte 16<\/a>, the company posted adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HK$334.1m (US$42.7m). The company&#8217;s shared profit of the associates amounted to HK$143.7m (US$18.4m).<\/p>\n\n\n\n<p>As of December 31, the casino at Ponte 16 had 109 gaming tables in operation: 103 mass tables and 6 high-limit tables. The average occupancy rate of Sofitel Macau At Ponte 16 reached approximately 83 per cent in 2023.\u00a0<\/p>\n\n\n\n<p><strong>Yeung Hoi Sing, Sonny<\/strong>, chairman of Success Universe Group Limited commented: \u201cIn a dynamic recovery environment, we will draw inspirations from positive developments in our sectors in 2024. We will maintain an optimistic and strategic approach to navigate the robust yet dynamic recovery, with a strong commitment to enriching our diverse business portfolio.&nbsp;<\/p>\n\n\n\n<p>&#8220;With a strategic mindset and prudent decision-making, we remain steadfast in our mission to achieve a sustainable long-term growth and capitalise on emerging opportunities ahead.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That compares to a net loss of HK$287.1m in 2022.<\/p>\n","protected":false},"author":176,"featured_media":19265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Success Universe Group reported a net profit of HK$169.3m (US$21.6m) in 2023, a significant turnaround from a net loss in 2022, despite an 11% year-on-year revenue decline. The casino hotel Ponte 16 contributed HK$334.1m (US$42.7m) in adjusted EBITDA, supported by 109 gaming tables and an 83% average hotel occupancy rate. The Group maintains an optimistic and strategic approach for sustainable long-term growth in the recovering Macau market.","focusai_entities":"Success Universe Group, Yeung Hoi Sing, Sonny, Ponte 16, Sofitel Macau At Ponte 16","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Future Capital Allocation?","query":"What specific capital allocation strategies will Success Universe Group employ to enrich its diverse business portfolio and capitalize on emerging opportunities in 2024, particularly concerning gaming vertical expansion or M&A?"},{"label":"Mass Market vs. VIP?","query":"Given the 103 mass tables versus 6 high-limit tables at Ponte 16, what is the Group's strategic outlook on the evolving GGR contribution balance between mass market and VIP segments in Macau for 2024?"}],"footnotes":""},"categories":[16338,163],"tags":[23789],"class_list":["post-777014332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-success-universe"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014332","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=777014332"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014332\/revisions"}],"predecessor-version":[{"id":777014335,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014332\/revisions\/777014335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19265"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}