Início » SJM Holdings Q3 profit plunges 91 pct y-o-y to HK$9 mln

SJM Holdings Q3 profit plunges 91 pct y-o-y to HK$9 mln

SJM Holdings suffered a sizeable profit loss last quarter, with its third-quarter profit down by over 91 per cent to HK$9 million (US$1.16 million / MOP9.27 million) compared with the same three-month period of 2024, the gaming operator said.

A company announcement on Wednesday showed net revenue went down 6.2 per cent year-on-year in the quarter to over HK$7 billion.

The gaming operator’s chairperson, Daisy Ho, acknowledged that SJM had encountered ‘significant headwinds’ last quarter, blaming the loss of revenue on a gradual halting of satellite casino operations amid stronger market competition in the city.

Read more in Macau News Agency

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