SJM Holdings ( (HK:0880) ) has shared an update.
SJM Holdings Limited reported a significant financial turnaround for the year ended December 31, 2024, with a 33.8% increase in net gaming revenue and a remarkable 117.9% rise in adjusted EBITDA. The company achieved a profit of HK$3 million, reversing a loss of HK$2,010 million from the previous year. SJM’s market share in Macau’s gaming sector includes a 13.1% share of gross gaming revenue. The Grand Lisboa Palace and Grand Lisboa properties both saw substantial revenue growth and improved occupancy rates, contributing to the company’s positive financial performance. Despite these gains, the company did not declare a final dividend for the year.
More about SJM Holdings
SJM Holdings Limited operates in the gaming and hospitality industry, primarily focusing on casino gaming, hotel, and resort operations in Macau. The company offers a range of services including gaming, hotel accommodations, catering, retail, and leasing.
YTD Price Performance: -10.0%
Average Trading Volume: 7,278
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.21B
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