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Universal Entertainment report mixed performance in Q2

Universal Entertainment reported a 23.3% year-on-year increase in net sales up to ¥46.5m ($421,485) during the Q2 period.

universalfigures

The company also reported a comprehensive income of ¥154.2m, a massive increase on last year’s figure of ¥6.5m.

Universal reported an operating profit of ¥6.9m, down from ¥10.3m in Q2 last year.

The net income per share has also seen an increase to ¥2,185.35 for the second quarter of the year.

The Pachislot and Pachinko business contributed ¥23.9m to the company’s net sales ¥1m to operating profit.

Casino Resort businesses contributed ¥21.6m to net sales for Q2 while also making up ¥3.2m of the operating profit.

According to Universal, the “total sales at Okada Manila, led by the gaming business in the Manila Bay region of the Philippines, continue to increase and this casino and resort has already become profitable in terms of its quarterly EBITDA.”

Universal stated that it is currently preparing to take Tiger Resort, Leisure and Entertainment public in 2019 in an attempt to accelerate growth and increase its name recognition.

                                                                                                                                                                                                                                                                              

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