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Sands China reports 43.8% surge in Q4 net income

Feb. 2, 2012 (China Knowledge) - Sands China Ltd<1928>, the Macau unit of casino operator Las Vegas Sands Corp, has said that its net income jumped 43.8% year on year to US$306.7 million in the fourth quarter of 2011.

The company saw its net revenue reached US$1.33 billion in the fourth quarter, up 22% year on year.

The casino operator's adjusted property EBITDA grew 29.2% year on year to US$430.1 million during the period and its adjusted property EBITDA margin rose to a market leading 33.4%.

The company has declared a dividend of HK$0.58 per share.

Sands China said that the first phase of Sands Cotai Central, the largest integrated resort development in the casino operator's history, will open in eight weeks.

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