SJM Holdings earnings shrink to HK$7.8 bln in 2014

2015/2/26

From：Macau Business

Macau casino operator SJM Holdings Ltd’s annual earnings before interest, tax, depreciation and amortisation decreased by 10.5 percent to HK$7.8 billion (about US$1 billion) last year, Bloomberg reports.

The news agency says the company announced that that its profit margin narrowed to 9.7 percent from 9.9 percent.

Revenue from gaming contracted by 8.8 percent to HK$79.3 billion.

SJM Holdings revenue from the VIP gaming market, where the company gets 60 percent of its takings, fell by 17.3 percent to HK$48.2 billion.

Gaming revenue from the mass market rose by 8.9 percent to HK$29.7 billion.

Copyright@Macau Business