Sands China’s Q2 performance boosts its stock

2015/7/23

From：Macau Business

The price of shares in Macau casino operator Sands China Ltd surged in trading at the Hong Kong Stock Exchange after its results for the second quarter of this year showed adjusted property earnings before interest, tax, depreciation and amortisation of US$564.5 million (about MOP4.52 billion), 30 percent less than a year earlier but more than stock analysts had predicted, Bloomberg reports.

Sands China is a subsidiary of Las Vegas Sands Corp.

The news agency quotes the chairman of Las Vegas Sands, Sheldon Adelson, as saying of the subsidiary’s second-quarter performance: “The strength of our premium direct business has offset a lot of the weakness in the junket segment and enabled us to outperform the Macau VIP market.”

Copyright@Macau Business