Cambodian gaming operator NagaCorp announced that for the FY24, the group achieved gross gaming revenue of $542.9 million, an increase of 5.5 percent year-on-year, and net gaming revenue of $480.33 million, an increase of 8 percent year-on-year.
The update was released in a filing with the Hong Kong Stock Exchange on Tuesday.
The mass market and Premium VIP market drove the growth, with mass market GGR reported at $395 million, up by 17.2 percent yearly.
The premium VIP market saw a 15.3 percent yearly drop in business volumes, however it still brought in $103.1 million in revenue.
Together the mass market and premium VIP market segments accounted for 94 percent of total gross profit for the year.
During the year referral VIP market GGR grew by 1.4 percent to $44.8 million.
Despite the gains in some categories, net profit for the year fell by 38.3 percent to $109.6 million.
This was partially attributed to a non-cash impairment loss of $89.1 million regarding its Russian Vladivostok project.
The board of the company does not recommend the payment of a final dividend for the year 2024.
