Century Entertainment reports 71% revenue decline for year ended 31 March
Century Entertainment International Holdings has reported revenue of HK$0.2m (US$25,500) for the year ended 31 March 2022, a 71% decline from the prior-year period.
As reported by the Hong Kong-listed operator, the decrease – from HK$0.7m for the year ended 31 March 2021 – was mainly attributable to the spread of Covid-19, and the subsequent temporary closure of all casinos in Cambodia since 1 April 2020.
Net loss for the year ended 31 March 2022 was HK$3.7m, compared to HK$43m for the year ended 31 March 2021.
Loss per share was HK$2.87, compared to loss per share of HK$33.53 in the prior-year period. Finally, the group’s net liabilities amounted to HK$26.7m, compared to HK$23m for the year ended 31 March 2021.
The group also looked to the future in the report, noting that the full recovery of the global tourism industry back to pre-pandemic levels is on the right track, despite the new wave of the pandemic in many countries.
“Despite the headwinds encountered in 2021, the company is confident that 2022 will mark a fresh start for its business,” a statement from Century Entertainment read. “Riding on the market recovery, the group will focus on improving its core competitiveness to facilitate long-term growth by paying continuous attention to the market trends and keeping a close monitor of the Covid-19 situation.
“With the hope of economic recovery and the assignment of the gaming tables, the group is dedicated to regaining its growth momentum by improving its business operations and seizing further market opportunities in the coming year.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
