(ACN Newswire via COMTEX) — Emperor International Holdings Limited (“Emperor International”; HK:0163) & Emperor Entertainment Hotel Limited (“Emperor Entertainment Hotel”; HK:0296) has jointly announced 2010/11 interim results for the 6 months ended 30 September 2010 (the “Period”).
Attributable to the steady growth of rental income contributed by the Emperor International’s high-quality investment property portfolio and significant increase of income from self-run hotels, it reported total revenue of approximately HK$833.9 million during the Period, representing an increase of 30.6%. Excluding the revaluation adjustment, its earnings before interest, tax, depreciation and amortisation (“EBITDA”) amounted to HK$331.5 million. Profit for the Period attributable to owners of the Company was HK$997.2 million. As at 30 September 2010, its’ net asset value and net asset value per share amounted to HK$10,001.4 million and HK$3.37 per share respectively. Emperor International proposed an interim dividend of HK$0.048 per share.
Riding on the steady recovery of global economic and strong growth of gaming and entertainment industry in Macau, Emperor Entertainment Hotel achieved satisfactory results for the Period. It reported revenue of approximately HK$618.1 million, representing an increase of 48.0%. EBITDA after minority interests amounted to HK$173.2 million, representing a significant surge of 107.5%. Profit for the Period attributable to owners of the Company increased by 231.6% to HK$170.0 million. Basic earnings per share amounted to HK$0.13. Emperor Entertainment Hotel proposed an interim dividend of HK$0.04 per share.
Gaming Revenue –
Gaming revenue for the Period amounted to HK$544.7 million, accounting for 88.1% of total revenue.
During the Period, this segment contributed a gross win of HK$557.9 million (2009:HK$431.5 million) with 60 tables in the gaming concourse. Average win for the Period was approximately HK$51,000 per table per day.
Slot Machines –
It recorded a gross win of HK$46.8 million (2009:HK$39.3 million) with 331 slot seats. Average win for the Period was approximately HK$770 per seat per day (2009:HK$690).
VIP rooms –
It self-manages two VIP rooms with a total of 14 tables. The VIP rooms had rolling of HK$13.4 billion (2009:HK$9.5 billion). Average win per table per day was approximately HK$146,000 (2009:HK$162)(2009:000).
Hotel Revenue –
With a total of 291 guest rooms in the Grand Emperor Hotel, an average daily rate of HK$820 (2009:HK$760), and the high occupancy rate of 88% (2009:75%), room revenue amounted to HK$29.6 million. Riding on the prestigious reputation of the hotel and the premium quality of its services, it is well received among Hong Kong and mainland visitors.
