SJM | Q1 revenue down by 37.3 percent

SJM Holdings Limited yesterday announced its unaudited financial results for the first quarter of 2015. It was announced that the group’s gaming revenue had decreased by 37.3 percent year-on-year to HKD14,281 million. The profit attributable to shareholders had decreased by 46.5 percent to HKD1,004 million. In a press release, SJM stressed that the decrease “was mainly caused by the 37.3 percent decrease in gaming revenue, which was in line with the decrease in gaming revenue in the Macau gaming market.”
During the first quarter of the year, SJM stressed that the first full year of construction was completed on the Lisboa Palace, the group’s integrated resort on Cotai.
“Challenges to the economic environment for Macau gaming persisted in the first quarter of 2015. With an optimistic view of the future of Macau, however, SJM is committed to maintaining our leadership position that we have established on the Macau Peninsula whilst proceeding with the construction of the Lisboa Palace on Cotai for completion in 2017,” commented Ambrose So, CEO of SJM Holdings Limited.