trending Market Intelligence /marketintelligence/en/news-insights/trending/tZCrf6WQjzE0xXxpt7qoiw2 content esgSubNav
In This List

Sands China Q2 profit falls YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Sands China Q2 profit falls YOY

Sands China Ltd. said its normalized net income for the second quarter was 3 cents per share, a decline of 36.4% from 5 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $250.0 million, a decline of 36.4% from $393.2 million in the prior-year period.

The normalized profit margin declined to 14.2% from 16.6% in the year-earlier period.

Total revenue decreased 25.8% year over year to $1.76 billion from $2.37 billion, and total operating expenses decreased 22.1% on an annual basis to $1.35 billion from $1.73 billion.

Reported net income declined 37.0% year over year to $389.9 million, or 5 cents per share, from $619.1 million, or 8 cents per share.