Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
SJM Holdings reports 22% rise in net profit for Q1

May. 8, 2012 (China Knowledge) - SJM Holdings Ltd<0880>, the largest casino operator by revenue in Macau, announced yesterday that its net profit jumped 22% year on year to HK$1.71 billion in the first quarter of this year, driven by robust growth in the city's casino gambling revenue.

The Hong Kong-listed company saw its revenue grow 8.6% year on year to HK$19.84 billion in the period, accounting for 27% Macau's casino market, down from a market share of 31.9% in the same period of last year.

The gambling giant is still waiting for approval to build its new casino on the Cotai strip, the fastest growing casino district in Macau.

In 2011, SJM earned HK$5.31 billion in net profit, reflecting a year-on-year increase of 49% from HK$3.56 billion, principally boosted by surged gambling revenue in the city.

Copyright © "2013"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services
 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved