Sands China's Third-Quarter Net Income Rises 24.4% on Year
October 25 2017 - 8:53PM
Dow Jones News
By Joanne Chiu
Sands China Ltd. (1928.HK) reported a 24.4% rise in net income
for the third quarter fueled by continued recovery in China's
gambling Mecca.
The 70.08%-owned unit of U.S.'s Las Vegas Sands Corp. (LVS) said
Thursday in a filling to the Hong Kong bourse that its
third-quarter net income rose to US$403 million from a net income
of US$324 million a year earlier, with net revenue rising 12.2% to
US$1.93 billion during the same period.
These figures were retrieved from the filing by Las Vegas Sands
Corp. in its third-quarter earnings statement published
Thursday.
The third quarter for Las Vegas Sands' Macau operations has been
its best since the fourth quarter of 2014, with adjusted earnings
before interest, tax, depreciation and amortization reaching US$652
million, on the back of higher hotel occupancy and retail mall
revenues, it said.
Write to Joanne Chiu at joanne.chiu@wsj.com
(END) Dow Jones Newswires
October 25, 2017 20:38 ET (00:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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