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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 |
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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