not vested
SJM scores with jump in profit
by Jimmy Ding
SJM Holdings (0880) recorded a 56.8 percent rise in net profit to HK$1.5 billion for the six months ended June 30, driven by robust growth of gaming, hotel, catering and retail operations.
It proposed an interim dividend of HK 8 cents per share, up 60 percent year on year.
Adjusted earnings before interest, tax, depreciation and amortization surged from HK$1.50 billion to HK$1.95 billion, up 29.9 percent, while the adjusted margin rose to 11.4 percent from 9.6 percent last year.
Gaming operations earned HK$16,843.3 million and hotel, catering and retail operations HK$353.3 million in the first half, up 9.64 percent and 13.48 percent.
The occupancy rate of hotel Grand Lisboa increased by 3 percent to 96.3 percent. Average daily room rate decreased by 4.6 percent to HK$1,503.
Source: The Standard
http://www.thestandard.com.hk/section-n ... 0801&sid=2