Sands China Reports MOP2.14 Billion Profit in Q3

Strong Performance Despite Ongoing Market Challenges

Sands China Ltd. has reported a net profit of MOP2.14 billion for the third quarter of 2023, showing resilience despite ongoing market headwinds.

Key Highlights

• Revenue increased by 13% year-over-year to MOP6.54 billion.
• Adjusted EBITDA rose by 15% to MOP2.9 billion.
• The company's mass market segment saw a 20% growth in revenue.

Market Challenges and Outlook

Despite the positive results, Sands China acknowledges the challenges posed by the ongoing COVID-19 pandemic and travel restrictions. However, the company remains optimistic about the long-term prospects of the Macau market.

Analyst Commentary

Analysts have praised Sands China's performance, attributing it to the company's strong brand reputation, diversified product offerings, and commitment to customer service.

Conclusion

Sands China's Q3 results demonstrate the company's resilience and adaptability in the face of market challenges. Its focus on the mass market segment and long-term growth strategy position it well for continued success.