Sands China (HK:1928) has released an update.
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Sands China Ltd. reports a significant recovery with a 24.7% increase in adjusted property EBITDA and a 209.1% surge in profit for the first half of 2024, compared to the same period in 2023. This upswing follows the easing of COVID-19 travel restrictions, with Macao experiencing a 52.9% rise in mainland China visitation. The company is also advancing on a $1.2 billion expansion of The Londoner Macao, set to complete in early 2025.
For further insights into HK:1928 stock, check out TipRanks’ Stock Analysis page.