May. 10, 2012 (China Knowledge) - Sands China Ltd<1928>, the Macau
unit of casino operator Las Vegas Sands Corp, announced yesterday that its net profit climbed only 6.44% year on year to US$279 million in the first quarter of this year.
Basic earnings per share were 3.47 US cents in the first three months, said the casino operator in a statement.
The company’s total revenue jumped 25.1% year on year to US$1.45 billion in the quarter.
In 2011, Sands China reaped US$1.13 billion in net profit, reflecting a year-on-year jump of 70% from US$666.5 million, as Chinese tourists drove higher revenue at Macau
Bigger rival SJM Holdings Ltd<0880
> said earlier that its net profit jumped 22% year on year to HK$1.71 billion in the first quarter of this year.