SJM Holdings’ 3Q 2011 net profit rises 35% to HK$1.17 billion

By Kate O’Keeffe, Dow Jones Newswires

HONG KONG (Dow Jones)–Macau casino operator SJM Holdings Ltd. (0880.HK) said Monday its third-quarter net profit rose 35% from a year earlier amid soaring gambling revenue in the only place in China where casino betting is legal.

Casino titan Stanley Ho’s SJM said its net profit for the three months ended Sept. 30 rose to HK$1.17 billion (US$150.6 million) from a year earlier. It didn’t provide a figure for 2010.

Revenue rose 36% to HK$19.21 billion from HK$14.10 billion based on a Dow Jones Newswires calculation.

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