SJM Holdings 1st Half Profit Down 13.2% on Weaker Revenue

By Gaurav Raghuvanshi Features Dow Jones Newswires

SJM Holdings Tuesday reported a 13.2% decline in net profit for the first half of the year as revenue declined.

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Net profit at the casino operator was 955 million Hong Kong dollars (US$122 million), compared with HK$1.1 billion in the first six months of last year.

Group revenue was down 1.9% on year to HK$20.64 billion, the company said in a regulatory filing.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com.

(END) Dow Jones Newswires

August 01, 2017 06:48 ET (10:48 GMT)