SJM Holdings 1st-Quarter Net Profit HK$580 Million; Up 3.3% on Year

By Chester Yung Features Dow Jones Newswires

Macau casino operator SJM Holdings Ltd. (0880.HK) on Thursday said first-quarter net profit rose 3.3% from a year ago, in part because of an increase in mass-market gambling revenue.

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The Hong Kong-listed company said net profit for the three months ended March 31 rose to 580 million Hong Kong dollars (US$74.6 million) from HK$561 million a year ago, while its total revenue fell 5.2% to HK$10.53 billion.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

May 04, 2017 06:33 ET (10:33 GMT)