SJM Holdings ( (HK:0880) ) has provided an announcement.
SJM Holdings Limited reported an increase in net gaming revenue to HK$6,949 million for the first quarter of 2025, compared to HK$6,464 million in the same period of 2024. The company’s adjusted EBITDA also rose to HK$958 million, with a profit attributable to owners of HK$31 million, marking a significant turnaround from a loss of HK$74 million in the previous year. The Grand Lisboa Palace Resort and Grand Lisboa both showed improvements in their gross revenues and adjusted property EBITDA, indicating a positive trend in the company’s financial performance. The Group maintains a strong liquidity position with HK$3,232 million in cash and bank balances, while managing a substantial debt of HK$26,739 million.
More about SJM Holdings
SJM Holdings Limited operates in the gaming and entertainment industry, primarily focusing on casino operations and related services. The company is known for its gaming facilities and resorts, including the Grand Lisboa Palace Resort and Grand Lisboa, which offer both gaming and non-gaming revenue streams.
YTD Price Performance: -17.94%
Average Trading Volume: 866
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.99B
For an in-depth examination of 0880 stock, go to TipRanks’ Stock Analysis page.