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Galaxy Entertainment H1 Profit Climbs With Revenue Growth

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Galaxy Entertainment Group Limited (GXYEF.PK) reported Tuesday higher profit and revenues in its first half.

In the first half, net profit attributable to shareholders climbed 19 percent to HK$5.24 billion from last year's HK$4.39 billion. Earnings per share were 119.5 HK cents, up from 100.3 HK cents a year ago.

Group Adjusted EBITDA climbed 14 percent year-on-year to HK$6.9 billion.

Group net revenue was HK$23.25 billion, up 8 percent from HK$21.47 billion a year earlier.

In the second quarter, Group Adjusted EBITDA increased 12 percent year-on-year to HK$3.6 billion, and normalized adjusted EBITDA was HK$3.2 billion.

The Group net revenue was HK$12.0 billion in the quarter, up 10 percent year-on-year and up 8 percent quarter-on-quarter.

Further, the Board announced an interim dividend of HK$0.70 per share, up from HK$0.50 per share last year. The dividend is payable on or about October 31 to shareholders on the register on September 30.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

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