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<Results>SANDS CHINA LTD 2024 Adj. Property EBITDA Adds 4.7%; Final DPS HK25 Cents
Recommend 21 Positive 73 Negative 19 |
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SANDS CHINA LTD (01928.HK) announced preliminary results for the year ended December 31, 2024. Total net revenues increased by 8.4% YoY to US$7.08 billion. It recorded a net profit of US$1.045 billion, up 51% YoY. EPS was US12.91 cents. A final dividend of HK25 cents per share was declared. Adjusted property EBITDA added by 4.7% YoY to US$2.33 billion. Operating profit was US$1.366 billion, an increase of 11.5% YoY. As of the end of 2024, the Group had 10,487 hotel rooms and suites. Construction of The Londoner Macao Phase 2 is ongoing and is expected to be substantially completed in 1H25. Robert Glen Goldstein, Chairman of the Company, said that the Company remains deeply confident in the future of Macao and considers Macao an ideal market for additional capital investment. The Company is committed to spending approximately US$4.5 billion on a combination of capital and operating investments in Macao during the current concession period from 2023 through 2032. AAStocks Financial News |
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