SunCity Group says Hoiana had adjusted EBITDA loss of $32m

SunCity Group said its Hoiana integrated resort in Vietnam has generating revenue of $4.8 million since its preview in June last year and had an adjusted EBITDA loss of about $32 million.

Hoiana played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately US$1.2 million. Normalised Adjusted EBITDA was approximately US$(30.8) million in 2020.

Suncity Group annual results (Company filing)