Galaxy Entertainment: 1st Half Net Profit Rises 81% on Year to HK$4.63 Billion

By Saurabh Chaturvedi Features Dow Jones Newswires

Galaxy Entertainment Group Ltd. (0027.HK) Thursday said its net profit in the first half of the year rose 81% helped by higher gaming revenue.

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The Hong Kong-listed company said net profit for the six months ended June 30 rose to 4.63 billion Hong Kong dollars (US$592 million), up from HK$2.56 billion a year ago.

Revenue for the period rose to HK$28.54 billion as compared with HK$25.54 billion a year ago.

The company said its total gaming revenue grew 9% in the first half from a year ago.

Meanwhile, it said the last week's Typhoon Hato damaged some of its properties in Macau, but it didn't put a value to the loss due to the damage.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

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(END) Dow Jones Newswires

August 30, 2017 20:41 ET (00:41 GMT)