Summary by Futu AI
Sands China Ltd announced its interim performance for the six months ended June 30, 2024, showing a significant improvement in company operations. During this period, the group's adjusted property EBITDA reached US$1.17 billion, up 24.7% year-on-year; the total net profit was US$3.55 billion, an increase of 22.7%; and profits increased significantly from US$0.175 billion in the same period last year to US$0.541 billion, an increase of 209.1%. The growth of performance was mainly due to the recovery of Macau tourism and the increase in the number of mainland Chinese visitors to Macau. In addition, the company continued to carry out the second phase of the Londoner Macao project, which is expected to be completed in early 2025. The board of directors did not recommend the distribution of mid-term dividends. Sands China Ltd complied with all corporate governance code provisions and did not purchase, sell or redeem any listed shares during the six months ended June 30, 2024.