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Sands China's Q1 net profit up 6.44%

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 casinos.

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.

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