Macau casino firm SJM Q1 net profit up 12 pct
HONG KONG May 6 (Reuters) - Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers.
SJM on Monday reported net profit of HK$1.9 billion ($240 million) for the first three months of 2013, compared with HK$1.7 billion a year earlier.
Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.
For the full earnings statement made to the Hong Kong stock exchange, click:
- Co-pilot spoke last words heard from missing Malaysian plane |
- EU imposes sanctions after Crimea moves to join Russia |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- China rejects North Korean crimes report, hits chance of prosecution
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data