Sands China increases profits
The company experienced a rise in adjusted property EBITDA in the first six months of 2018.
Macau.- Sands China released its financial report where it details the company’s performance during the first six months of the year. The US$1.54 billion collected in that period shows a significant increase over the US$1.23 billion registered during the first half of 2017.
Total revenues for the company were 17.3 per cent up to US$4.27 billion, higher than the US$3.64 billion totalled in the same period in 2017, while profit was US$979 million – a 44.4 per cent increase when compared to the US$678 million registered in the first six months of 2017.
Sands China, a subsidiary of Las Vegas Sands Coroporation, revealed that the net revenues increase was due to an increase in visitors and organic growth in Macau: “We continued to enjoy market-leading visitation in Macau and focused on driving the high-margin mass-market gaming business, while providing luxury amenities and high service levels to our VIP and premium players,” said the company.
