Hong Kong dollars. Source: Zen

SJM Holdings Reports Impressive Q1 Performance

SJM Holdings, a prominent operator and developer of casinos and integrated entertainment resorts in Macau, has released its first-quarter financial results.

The company disclosed net gaming revenue of nearly HK$6.5 billion ($830 million) for the quarter, marking a substantial increase compared to the same period last year. Additionally, adjusted EBITDA surged to HK$864 million ($110.6 million), demonstrating significant growth from the previous year's figure of just 31 million Hong Kong dollars.

SJM Holdings also reported a notable improvement in its financial position, with a loss attributable to the company's owners of HK$74 million ($9.5 million). This represents a significant reduction from the HK$869 million loss reported in 2023, indicating positive momentum for the company.

13 May 2024, 16:00

Finance Macau

Finance

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