According to data recently released by Sands China, the company achieved a net profit of US$2023 million by the first half of 1.75, successfully turning losses into profits. This is not only the first time that Sands China has achieved a half-year profit since the outbreak of the epidemic in 2020, but also the company's continued improvement in operating conditions since the market stimulus brought about by the easing of the epidemic and the restart of Macau's economy.
In the first half of the year, Sands China achieved revenue of US$29 billion, a year-on-year increase and a loss.Against this backdrop, gaming revenue reached $21.6 billion, a year-on-year increase of more than 280%.Adjusted EBITDA was US$9.39 million, successfully turning losses into profits.
Sands China remains solid, with more than $12 billion in cash reserves and more than $17 billion in available borrowings, according to its balance sheet.Taking into account the current good recovery trend of Macau's economy, the company is confident about its future development prospects.
Although the interim dividend distribution has not yet been announced, the successful achievement of half-year profits has become an important signal.This shows that Sands China's business is steadily recovering from the impact of the epidemic and moving in a sustained and positive direction.
As Macau continues to relax restrictions and domestic tourists gradually return, Sands China is expected to perform even better in the second half of the year and its profitability will also be further improved.At present, Sands China's performance is showing a rebound momentum and deserves continued attention.
