Success Universe expects widened loss in 17H1

Success Universe has warned investors it is expecting to record a “significant increase” in consolidated loss for the six month period ending June 30, 2017.

The loss, which is expected to widen by around 50 percent compared to the prior year period, is mainly attributable to a decrease in profit relating to Ponte 16, as well as a decrease in operating revenue and increase in loss of the group’s travel business.

Success Universe says its interim results are expected to be published in late August 2017.

More news from this jurisdiction

MacauMonday, Oct 23, 2017

VIP has continued to show strength in October, with the month’s GGR estimated to record a year-on-year increase of 13-15 percent, wrote Bernstein in a note on Monday.

MacauMonday, Oct 23, 2017

Visitors to Macau increased 2.4 percent year-on-year in September, reaching a total of 2.5 million arrivals, according to data from the Statistics and Census Service (DSEC).

MacauMonday, Oct 23, 2017

Casino operator Sands China says it has earned multiple awards in Greater China this year for its innovative human resources initiatives.

MacauSunday, Oct 22, 2017

Luxury hotel operator The 13 Holdings has announced it is planning to raise around HK$1.7 billion (US$217.8 million) through a rights issue and a placing of loan notes.

MacauFriday, Oct 20, 2017

Luxury hotel and casino company The 13 Holdings has requested a trading halt on the Hong Kong Stock Exchange, effective Friday, October 20, 2017.

MacauThursday, Oct 19, 2017

SJM Holdings CEO Ambrose So has opened a solo calligraphy exhibition in the Portuguese capital, Lisbon, aiming to promote understanding of Macau’s role in bridging the cultures of the east and west.

MacauThursday, Oct 19, 2017

Jurisdictions that offer wide and frequent access to gambling may see more cases of problem gambling than gaming meccas such as Macau and Las Vegas.