SJM Holdings Announces Key Performance Indicators for Third Quarter 2011
Gaming Revenue up 36%
Adjusted EBITDA up 40%; Net Profit up 35%
(Hong Kong, 7 November 2011)– SJM Holdings Limited (the "Company") today announced selected unaudited key performance indicators of the Company and its subsidiaries (collectively the "Group") for the three months ended 30 September 2011 ("Q3 2011").
During Q3 2011, the Group's VIP gaming revenue was HK,314 million, an increase of 42.0% from HK,375 million in Q3 2010, mass market gaming revenue was HK,389 million, an increase of 25.4% from HK,296 million, and slot machine (and Tombola) revenue was HK4 million, an increase of 11.6% from HK6 million. The Group's total revenue during Q3 2011 of HK,213 million included hotel, catering and related services revenue of HK6 million (Q3 2010: HK8 million).
During Q3 2011 the Group operated an average of 613 VIP gaming tables (Q3 2010: 474), 1,145 mass market gaming tables (Q3 2010: 1,274) and 3,964 slot machines (Q3 2010: 4,370) (average of three month-end counts).
Total VIP chips sales for the Group during Q3 2011 were HK3.0 billion (Q3 2010: HK3.7 billion), and the VIP gaming hold percentage (before commissions and discounts) was 2.88% (Q3 2010: 2.90%).
During Q3 2011, the Grand Lisboa Hotel achieved an average occupancy rate of 94.7% and average room rate of HK,015 per night, as compared with average occupancy rate of 77.9% and average room rate of HK,889 in Q3 2010.
Capital expenditure of the Group during Q3 2011 was HK million, which was primarily for furniture, fixtures and equipment, and chips. As at 30 September 2011, the Group had total cash of HK,137 million and debt of HK,332 million.
Speaking on the third quarter results, Dr. Ambrose So, Chief Executive Officer of SJM Holdings Limited, said "SJM has shown to be a resilient competitor, continuing to develop both our VIP and mass market businesses, maintaining the leading market share in Macau's six-way market, and adding to our balance sheet strength for future expansion."
Further information on SJM Holdings Limited can be found on www.sjmholdings.com.