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Sands Profits Up in the Q1 APAC



April 27, 2017




Las Vegas Sands Group announced its first quarter consolidated net revenue increased 14.3% to USD3.11billion from the same quarter a year ago. Net income increased 41.3% to USD578million, consolidated adjusted property earnings before taxes(EBITDA) increased 24.9% to USD1.15billion, with margin increasing 310 basis points to 36.9% during the first three months ended March. 



The company said its operations in Macao,  adjusted property EBITDA increased 20.5% to USD624million during the quarter, while hold-normalized adjusted property EBITDA increased 14.3% to USD592million. 



Operations at its resorts at Marina Bay Sands Singapore, adjusted property EBITDA increased 32.7% to USD365million, with margin increasing 660 basis points to 52.1%.

 - by APMR News Staff Writer



Article  Published on : 2017  April 27,  9:45 am GMT+800

Article  Last Updated : 2017 April 27,  2:55 pm GMT+800

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