Sands China Q1 net profit plunges to US344.7 mln

2015/4/23

From:Macau Business

Macau casino operator Sands China Ltd’s net profit shrank to US344.7 million (about MOP2.76 billion) in the first quarter of this year, 54.2 per cent less than a year earlier.

Its parent company, Las Vegas Sands Corp, announced that Sands China’s first-quarter net revenue decreased by 34.9 per cent to $1.77 billion.

The subsidiary’s adjusted property earnings before interest, tax, depreciation and amortisation declined by 43.4 per cent to US$531 million.

Las Vegas Sands chairman Sheldon Adelson remarked that his company was “sailing in uncharted territory”.

Copyright@Macau Business