SJM
nov25 Satellites e as contas Macau casino operator SJM Holdings Ltd reported a profit attributable to its owners of HKD9 million (US$1.2 million) in the three months to September 30, down 91.1 percent on the HKD101 million in the prior-year period. Group adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) stood at HKD881 million for the third quarter this year, down 15.0 percent from a year earlier, the firm said in unaudited highlights filed with the Hong Kong Stock Exchange on Wednesday. Group adjusted EBITDA margin was down 1.3 percentage points year-on-year, at 12.5 percent. Daisy Ho Chiu Fung, chairman and executive director of SJM Holdings, was quoted as saying in a press release issued after the results: “We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition.” The press release said the group’s third-quarter gross gaming revenue (GGR) market sha...