Summary by Futu AI
Sjm Holdings Limited (SJM Holdings) released its interim report for 2024, showing a 47.4% year-on-year increase in the group's total net profit compared to the same period in 2023, reaching 13.801 billion Hong Kong dollars. Gambling net profit increased by 48.3% year-on-year, reaching 12.897 billion Hong Kong dollars. Adjusted EBITDA increased significantly by 275.9% to 1.734 billion Hong Kong dollars. Although the company's attributable loss decreased to 0.162 billion Hong Kong dollars, the loss per share is still 2.3 Hong Kong cents. Entertainment accounts for 12.5% of the gaming gross revenue at Sjm, with the mass market table games accounting for 15.2% and VIP gaming accounting for 4.4%. The occupancy rates at Grand Lisboa Integrated Resort and Hotel Lisboa increased to 94.8% and 98.5% respectively, indicating a recovery in the tourism business. As of June 30, 2024, the group's cash and bank balances were 3.433 billion Hong Kong dollars, while the total debts amounted to 26.967 billion Hong Kong dollars.