It was firm’s 14th straight quarter of growth
Galaxy’s EBITDA soars
2012-05-14
Reading time 19 seg
(Macau).- Galaxy Entertainment Group reported this week a 202 percent year-on-year increase in earnings before interest, taxes, depreciation and amortization, or EBITDA. The company posted a record adjusted EBITDA of us$ 283 million for the three months ended in March.
This was the company’s 14th straight quarter of EBITDA growth, the gaming operator said in a press release reporting some selected financial data for the first quarter of 2012.
Group revenue reached us$ 1.7 billion in the quarter, an increase of 130 % year-on-year.
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