Galaxy Entertainment full-year revenue rises 14% to HK$55.2bn
Galaxy Entertainment Group (GEG) has announced net revenue of HK$55.2bn ($7.13bn) for 2018, up 14% from the previous year.
Adjusted EBITDA was HK$16.9bn for the period, a 29% increase, while net profit for the year attributable to shareholders was HK$13.5bn.
Galaxy Macau was the operator’s best 2018 performer, with net revenue increasing 14% to HK$39.5bn.
The highest rise came from Star World Macau, which jumped 18% to HK$12.2bn.
In Q4 2018, the operator recorded net revenue of HK$14.2bn, a 2% increase year-on-year and a 9% rise from the previous quarter.
Adjusted EBITDA for Q4 was HK$4.3bn, rising 4% year-on-year and 12% from the previous quarter.
Galaxy announced a special dividend as a result of its 2018 performance that will see shareholders paid HK$0.45 per share.
Dr. Lui Che Woo, Chairman of GEG, said: “At GEG, we continue to drive every segment of the business with a particular focus on the mass business and continue to allocate resources to their most efficient use.”
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