Summary by Futu AI
Sands China Ltd recorded significant growth in the first half of 2024, with adjusted property EBITDA reaching $1.171 billion, an increase of 24.7% compared to the same period last year. The total net profit amounted to $3.551 billion, a year-on-year increase of 22.7%. The company's profit also increased significantly from $0.175 billion in the same period last year to $0.541 billion, representing a growth rate of 209.1%. Additionally, the company continues to advance the Phase 2 project of The Londoner Macao, with a projected total cost of $1.2 billion and plans to complete it in early 2025. The Board of Directors does not recommend the distribution of an interim dividend. As of June 30, 2024, the company's capital expenditure was $0.218 billion, primarily for the development projects of The Londoner Macao.