Star Entertainment Reports Revenue Decline and Net Loss

Star Entertainment Group Limited (AU:SGR) has released an update.

Star Entertainment Group Limited reported a decrease in revenue by 10.2% to $1,677.8 million and a significant net loss of $1,684.6 million, a 30.8% decline from the previous year. The company did not declare a final dividend for the year and is facing ongoing regulatory and legal issues that may materially impact the results. The financial outlook is cautious, with the unaudited accounts indicating a potential emphasis on concerns about the company’s ability to continue as a going concern.

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