Summary by Futu AI
On July 25, 2024, Sands China Ltd., the owner of Las Vegas Sands Corp.'s Macau business, which accounts for approximately 71% of its issued share capital, announced the financial performance for the second quarter ended June 30, 2024. LVS held a profit release conference on the same day and published related documents on its website. The net profit of Sands China in the second quarter of 2024 increased by 8% to USD 1,750,000,000 compared to the same period last year, with a net revenue of USD 246,000,000 and an adjusted property EBITDA of USD 561,000,000. The company stated that the recovery of the Macau market continues, and looks forward to future growth opportunities in Macau and Singapore markets. Sands China's financial performance is prepared in accordance with U.S. Generally Accepted Accounting Principles and differs from International Financial Reporting Standards. Investors should consult professional advisors for differences between the two. The announcement was issued by the board of directors of the company, represented by its company secretary, Wilfred Wong, on July 25, 2024.