trending Market Intelligence /marketintelligence/en/news-insights/trending/odhy0_yXHbO9dL0wD-73mQ2 content esgSubNav
In This List

Sun International swings to loss in fiscal year

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Sun International swings to loss in fiscal year

Sun International Group Ltd. said its normalized net income for the fiscal full year ended March 31 amounted to a loss of HK$131.4 million, compared with income of HK$11.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 89.1% from 6.9% in the year-earlier period.

Total revenue fell 7.5% year over year to HK$147.1 million from HK$159.1 million, and total operating expenses increased 36.3% year over year to HK$220.1 million from HK$161.4 million.

Reported net income totaled a loss of HK$397.2 million, or a loss of 29 cents per share, compared to income of HK$88.8 million, or 7 cents per share, in the year-earlier period.