Sands China increase net revenue of 15.5%

Macau casino operator Sands China reported an 11.5 percent year-on-year increase in profit to US$349 million in the first quarter of 2017.

The casino operator said Thursday in a filling to Hong Kong bourse that its first-quarter net profit rose to US$349 million from a net profit of US$313 million a year earlier, with net revenue rising 15.5% to US$1.87 billion during the same period.

Other factors affecting earnings in 17Q1 included corporate expenses of $29 million, mainly due to higher royalty fees with the opening of the Parisian Macao; pre-opening expenses of $2 million, depreciation and amortization expense of $191 million and interest expense of $37 million.