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WYNMY Wynn Macau Limited (PK)

8.88
0.06 (0.68%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Wynn Macau Limited (PK) USOTC:WYNMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.06 0.68% 8.88 8.36 9.05 8.88 8.88 8.88 996 21:02:43

Wynn Macau: 4Q Net Profit US$139.7 Million, Down 49%

04/02/2015 1:08am

Dow Jones News


Wynn Macau (PK) (USOTC:WYNMY)
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   By Chester Yung 
 

Casino operator Wynn Macau Ltd. (1128.HK), a unit of Wynn Resorts Ltd. (WYNN), Wednesday reported a 49% decline in net profit for the October-December quarter, dragged by the falling revenue amid a corruption crackdown in China.

Net profit for the three months ended December fell to US$139.7 million from US$275.9 million a year earlier, while net revenue dropped 32% to US$761.2 million from US$1.12 billion a year earlier, the company said.

The adjusted property earnings before interest, taxes, depreciation and amortization or EBITDA in the fourth quarter was US$241.2 million, down 36% from US$374.2 million a year earlier, the company said.

Write to Chester Yung at chester.yung@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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