Hong Kong-listed Shun Tak Holding’s gaming investment generated a profit of HK$51 million ($6.5 million) in the first six months of 2024.
This compares to a loss of HK$221 million ($28.3 million) recorded in the same period last year.
According to the latest financial update, Shun Tak has been a long-term investor in Sociedade de Turismo e Diversões de Macau, S.A. (STDM). The Group held an approximately 15.8 percent effective interest in the company as of 30th June 2024.
STDM held a shareholding of around 54.81 percent in SJM Holdings Limited, which, in turn, has a 100 percent economic interest in SJM Resorts, Limited—one of the six gaming concessionaires awarded a new gaming license by the Macau SAR Government in 2022.
Shun Tak is also known as the parent company of the Macau-Hong Kong ferry operator Turbojet.
In 1H24, Shun Tak reported an unaudited consolidated interim loss of HK$428 million ($54.9 million).
This compares to a loss of HK$425 million ($54.5 million) for the same period in 2023. However, revenue increased by more than 44 percent to HK$2.16 billion ($277 million).
The company also posted HK$199.7 million ($25.6 million) in operating profit for the year’s first six months.
