Summary by Futu AI
Sands China Limited (Sands China) announced on 16 February 2014 its preliminary results for the year ended 31 December 2003. For the year, Sands China's total net revenue was $6,530,000,000, an increase of 307.1% over the previous year. The company's profit for the year was $692 million, compared to a loss of $1,580 million in the previous year. Adjusted Property EBITDA translates from a loss of $323,000,000 last year to a profit of $2,230,000,000. Sands China Chairman Robert Goldstein said the results reflected a strong recovery in Macau following the cancellation of COVID-19 restrictions. The company started a new ten-year round of gambling approvals in early 2013 and announced an additional investment of US$1,200,000,000 to Macao Londoners, expected to be completed by early 2015. Sands China did not purchase, sell or redeem any listed shares during the reporting period.