International edition
June 18, 2021

It increased almost 300 %

SJM announced net profit of US$ 46 billion

(Macau).- SJM Holdings announced that it posted a net profit of HK$3.56 billion in 2010, a 292.4 % year-on-year increase.

G

aming revenue earned by Sociedade de Jogos de Macau, the Macau casino operator subsidiary of the company, grew by 67.9 percent in 2010, to US$ 46 billion, exceeding the 57.8 % rate of growth of casino gaming revenue in Macau.

Adjusted EBITDA increased at an even greater rate of 113.2 %, to US$ 62 billion.

According to a press release, in the fourth quarter of 2010, SJM completed its eighth consecutive quarter of growth in gaming revenue and adjusted EBITDA.

SJM continued to lead in market share of the Macau casino gaming market, with 40.1 % of mass-market table gaming revenue and 29.5 % of VIP gaming revenue, and increased its overall market share to 31.3 % from 29.4 % in 2009, the company said.

A final dividend of US$ 3.84 cents per ordinary share has been proposed.

Speaking on the annual results, Ambrose So Shu Fai, CEO of SJM Holdings, said “SJM’s net profit and adjusted EBITDA rose to record levels in 2010.”

“We believe that these results, combined with our financial strength, put us in a very favourable position for the future,” So Shu Fai added.

 

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