Sands China 2015 Net Profit Falls 43% to US$1.46 Billion
February 19 2016 - 4:19AM
Dow Jones News
By Chester Yung
HONG KONG--Macau casino operator Sands China Ltd. (1928.HK)
reported Friday a 43% fall in 2015 net profit, mainly dragged down
by a fall in casino revenues amid the overall market slowdown in
the Macao gaming industry.
The Macau unit of Las Vegas Sands Corp. (LVS) said its net
profit for the year ended Dec. 31 fell to US$1.46 billion from
US$2.55 billion a year earlier, while net revenue dropped 28% to
US$6.82 billion.
The company declared an interim dividend of HK$0.99 (US$0.128)
per share.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
February 19, 2016 04:04 ET (09:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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